2023 CLP to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CLP to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CLP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 19.4738. Conversely, the yearly low was recorded on October 16, dropping to 16.5601.
This high-to-low spread represents a total annual volatility of 2.9137 IDR. From a start-to-finish perspective, comparing the January average rate of 18.5186 to the December average rate of 17.6766, the exchange rate registered a net change of -4.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.4738 was up 5.50% compared to the 2022 peak of 18.4590, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 CLP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CLP to IDR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 18.7019, compared to 17.6503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0516 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 1.2691 IDR (High: 17.8293 / Low: 16.5601). On the other end, June was the most stable month, with a tight range of 0.4505 IDR (High: 18.8956 / Low: 18.4451).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.6510 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 18.9458) against the same month in 2022 (average: 17.9769), the exchange rate shifted by +0.9689 (+5.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18.8992 | 18.0894 | 18.5186 |
| February | 19.2930 | 18.2592 | 18.9372 |
| March | 19.4738 | 18.5106 | 18.9458 |
| April | 18.9259 | 18.1786 | 18.4744 |
| May | 18.8921 | 18.1957 | 18.6084 |
| June | 18.8956 | 18.4451 | 18.7272 |
| July | 18.9192 | 17.9814 | 18.4717 |
| August | 18.0977 | 17.5491 | 17.8207 |
| September | 17.8527 | 17.1015 | 17.3554 |
| October | 17.8293 | 16.5601 | 16.9930 |
| November | 18.0041 | 16.9373 | 17.5847 |
| December | 17.9624 | 17.2545 | 17.6766 |