2024 CLP to MAD Historical Review

YEARLY HIGH

0.0113 MAD

YEARLY LOW

0.0100 MAD

YEARLY AVERAGE

0.0105 MAD

2024 CLP to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CLP to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0113. Conversely, the yearly low was recorded on December 18, dropping to 0.0100.

This high-to-low spread represents a total annual volatility of 0.0012 MAD. From a start-to-finish perspective, comparing the January average rate of 0.0110 to the December average rate of 0.0102, the exchange rate registered a net change of -7.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0113 was down 14.24% compared to the 2023 peak of 0.0131, 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 11,265 MAD

2023 Average 12,077 MAD

Yearly Trough Low 10,042 MAD

Transaction Impact: A difference of 1,222.87 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0110

0.0101

JanuMarcMayJulySeptNove

CLP to MAD 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 0.0107, compared to 0.0104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0107

H2 Avg (Jul–Dec) 0.0104

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0007 MAD (High: 0.0111 / Low: 0.0104). On the other end, December was the most stable month, with a tight range of 0.0003 MAD (High: 0.0103 / Low: 0.0100).

June Spread (Volatile) ±0.0007

December Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between 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 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0110) against the same month in 2023 (average: 0.0124), the exchange rate shifted by -0.0015 (-11.92%).

2024 Avg (January) 0.0110

2023 Avg (January) 0.0124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0113	0.0108	0.0110
February	0.0107	0.0101	0.0104
March	0.0107	0.0101	0.0104
April	0.0107	0.0102	0.0106
May	0.0112	0.0105	0.0109
June	0.0111	0.0104	0.0107
July	0.0108	0.0103	0.0105
August	0.0107	0.0103	0.0105
September	0.0108	0.0103	0.0105
October	0.0108	0.0102	0.0105
November	0.0103	0.0101	0.0102
December	0.0103	0.0100	0.0102