2017 CLP to VEF Historical Review

YEARLY HIGH

0.0174 VEF

YEARLY LOW

0.0148 VEF

YEARLY AVERAGE

0.0156 VEF

2017 CLP to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the CLP to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.0174. Conversely, the yearly low was recorded on January 3, dropping to 0.0148.

This high-to-low spread represents a total annual volatility of 0.0026 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0151 to the December average rate of 0.0162, the exchange rate registered a net change of 7.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0174 was up 12.72% compared to the 2016 peak of 0.0155, 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 17,415 VEF

2016 Average 13,462 VEF

Yearly Trough Low 14,812 VEF

Transaction Impact: A difference of 2,603.03 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0165

0.0149

JanuMarcMayJulySeptNove

CLP to VEF 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 0.0152, compared to 0.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0152

H2 Avg (Jul–Dec) 0.0160

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.0018 VEF (High: 0.0174 / Low: 0.0156). On the other end, February was the most stable month, with a tight range of 0.0003 VEF (High: 0.0156 / Low: 0.0154).

November Spread (Volatile) ±0.0018

February Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between May and September, 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 February and March, when the average rate fell by 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 0.0163) against the same month in 2016 (average: 0.0150), the exchange rate shifted by +0.0014 (+9.17%).

2017 Avg (November) 0.0163

2016 Avg (November) 0.0150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0154	0.0148	0.0151
February	0.0156	0.0154	0.0155
March	0.0153	0.0149	0.0151
April	0.0157	0.0150	0.0153
May	0.0153	0.0148	0.0150
June	0.0153	0.0149	0.0151
July	0.0157	0.0150	0.0153
August	0.0162	0.0155	0.0158
September	0.0164	0.0157	0.0161
October	0.0167	0.0157	0.0160
November	0.0174	0.0156	0.0163
December	0.0170	0.0154	0.0162