YEARLY HIGH
0.6814 XOF
YEARLY LOW
0.6078 XOF
YEARLY AVERAGE
0.6426 XOF

2024 CLP to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CLP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.6814. Conversely, the yearly low was recorded on March 6, dropping to 0.6078.

This high-to-low spread represents a total annual volatility of 0.0736 XOF. From a start-to-finish perspective, comparing the January average rate of 0.6616 to the December average rate of 0.6368, the exchange rate registered a net change of -3.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6814 was down 12.42% compared to the 2023 peak of 0.7780, 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 681,412 XOF
2023 Average 723,052 XOF
Yearly Trough Low 607,842 XOF
Transaction Impact: A difference of 73,569.84 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6657
0.6202
JanuMarcMayJulySeptNove

CLP to XOF 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 0.6455, compared to 0.6397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.6455
H2 Avg (Jul–Dec) 0.6397

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0435 XOF (High: 0.6805 / Low: 0.6370). On the other end, December was the most stable month, with a tight range of 0.0081 XOF (High: 0.6415 / Low: 0.6334).

May Spread (Volatile) ±0.0435
December Spread (Stable) ±0.0081

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 0.0325 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6616) against the same month in 2023 (average: 0.7389), the exchange rate shifted by -0.0773 (-10.46%).

2024 Avg (January) 0.6616
2023 Avg (January) 0.7389

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6814 0.6503 0.6616
February 0.6454 0.6106 0.6291
March 0.6400 0.6078 0.6240
April 0.6489 0.6200 0.6398
May 0.6805 0.6370 0.6619
June 0.6675 0.6417 0.6564
July 0.6631 0.6337 0.6466
August 0.6512 0.6290 0.6404
September 0.6538 0.6254 0.6375
October 0.6556 0.6268 0.6418
November 0.6443 0.6271 0.6347
December 0.6415 0.6334 0.6368