2023 CLP to JMD Historical Review

YEARLY HIGH

0.1968 JMD

YEARLY LOW

0.1638 JMD

YEARLY AVERAGE

0.1839 JMD

2023 CLP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CLP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.1968. Conversely, the yearly low was recorded on October 22, dropping to 0.1638.

This high-to-low spread represents a total annual volatility of 0.0330 JMD. From a start-to-finish perspective, comparing the January average rate of 0.1858 to the December average rate of 0.1773, the exchange rate registered a net change of -4.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1968 was down 0.37% compared to the 2022 peak of 0.1976, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 196,826 JMD

2022 Average 176,320 JMD

Yearly Trough Low 163,806 JMD

Transaction Impact: A difference of 33,019.43 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1962

0.1644

JanuMarcMayJulySeptNove

CLP to JMD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1904, compared to 0.1773 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0131 points.

H1 Avg (Jan–Jun) 0.1904

H2 Avg (Jul–Dec) 0.1773

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0187 JMD (High: 0.1938 / Low: 0.1752). On the other end, December was the most stable month, with a tight range of 0.0061 JMD (High: 0.1798 / Low: 0.1737).

January Spread (Volatile) ±0.0187

December Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0087 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1926) against the same month in 2022 (average: 0.1934), the exchange rate shifted by -0.0008 (-0.40%).

2023 Avg (February) 0.1926

2022 Avg (February) 0.1934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1938	0.1752	0.1858
February	0.1968	0.1847	0.1926
March	0.1924	0.1813	0.1881
April	0.1927	0.1844	0.1890
May	0.1966	0.1888	0.1932
June	0.1967	0.1902	0.1936
July	0.1932	0.1841	0.1892
August	0.1843	0.1768	0.1805
September	0.1808	0.1702	0.1745
October	0.1743	0.1638	0.1671
November	0.1790	0.1683	0.1754
December	0.1798	0.1737	0.1773