2023 CLP to NGN Historical Review

YEARLY HIGH

1.0242 NGN

YEARLY LOW

0.5203 NGN

YEARLY AVERAGE

0.7495 NGN

2023 CLP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CLP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 1.0242. Conversely, the yearly low was recorded on January 3, dropping to 0.5203.

This high-to-low spread represents a total annual volatility of 0.5039 NGN. From a start-to-finish perspective, comparing the January average rate of 0.5526 to the December average rate of 0.9248, the exchange rate registered a net change of 67.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0242 was up 91.05% compared to the 2022 peak of 0.5361, 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 1,024,205 NGN

2022 Average 486,214 NGN

Yearly Trough Low 520,318 NGN

Transaction Impact: A difference of 503,887.09 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9931

0.5125

JanuMarcMayJulySeptNove

CLP to NGN 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 0.5997, compared to 0.8993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2995 points.

H1 Avg (Jan–Jun) 0.5997

H2 Avg (Jul–Dec) 0.8993

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.4525 NGN (High: 1.0242 / Low: 0.5717). On the other end, April was the most stable month, with a tight range of 0.0211 NGN (High: 0.5825 / Low: 0.5614).

June Spread (Volatile) ±0.4525

April Spread (Stable) ±0.0211

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0571 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.7504) against the same month in 2022 (average: 0.4816), the exchange rate shifted by +0.2688 (+55.80%).

2023 Avg (June) 0.7504

2022 Avg (June) 0.4816

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5795	0.5203	0.5526
February	0.5890	0.5523	0.5749
March	0.5840	0.5523	0.5694
April	0.5825	0.5614	0.5730
May	0.5886	0.5670	0.5782
June	1.0242	0.5717	0.7504
July	0.9812	0.9049	0.9530
August	0.9189	0.8728	0.8959
September	0.9073	0.8343	0.8737
October	0.9543	0.8101	0.8440
November	0.9415	0.8680	0.9041
December	1.0195	0.8562	0.9248