2024 CLP to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CLP to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CLP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 47.7372. Conversely, the yearly low was recorded on February 26, dropping to 42.4503.
This high-to-low spread represents a total annual volatility of 5.2869 IRR. From a start-to-finish perspective, comparing the January average rate of 46.2749 to the December average rate of 42.8878, the exchange rate registered a net change of -7.32% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 47.7372 was down 11.62% compared to the 2023 peak of 54.0160, 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 2024.
CLP to IRR 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 44.7604, compared to 44.4835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2769 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 3.6258 IRR (High: 47.4036 / Low: 43.7778). On the other end, December was the most stable month, with a tight range of 0.8899 IRR (High: 43.3501 / Low: 42.4602).
Growth Streaks & Declines
TrendsBetween March and May, 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 January and February, when the average rate fell by 2.7543 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 46.2749) against the same month in 2023 (average: 50.9667), the exchange rate shifted by -4.6919 (-9.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 47.7372 | 45.1893 | 46.2749 |
| February | 44.9882 | 42.4503 | 43.5206 |
| March | 44.6452 | 42.4654 | 43.4788 |
| April | 44.7226 | 42.6543 | 43.9982 |
| May | 47.4036 | 43.7778 | 45.9315 |
| June | 46.8559 | 44.1009 | 45.3583 |
| July | 46.4598 | 44.0056 | 45.0498 |
| August | 46.4157 | 44.2103 | 45.3153 |
| September | 46.8276 | 44.3172 | 45.4660 |
| October | 46.5451 | 43.7762 | 44.8924 |
| November | 44.2103 | 42.6607 | 43.2897 |
| December | 43.3501 | 42.4602 | 42.8878 |