2023 CLP to ZAR Historical Review

YEARLY HIGH

0.0246 ZAR

YEARLY LOW

0.0198 ZAR

YEARLY AVERAGE

0.0220 ZAR

2023 CLP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CLP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 0.0246. Conversely, the yearly low was recorded on January 4, dropping to 0.0198.

This high-to-low spread represents a total annual volatility of 0.0049 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0208 to the December average rate of 0.0212, the exchange rate registered a net change of 2.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0246 was up 21.39% compared to the 2022 peak of 0.0203, 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 24,616 ZAR

2022 Average 18,738 ZAR

Yearly Trough Low 19,756 ZAR

Transaction Impact: A difference of 4,859.63 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0243

0.0202

JanuMarcMayJulySeptNove

CLP to ZAR 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 0.0226, compared to 0.0214 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0226

H2 Avg (Jul–Dec) 0.0214

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0025 ZAR (High: 0.0238 / Low: 0.0212). On the other end, August was the most stable month, with a tight range of 0.0007 ZAR (High: 0.0222 / Low: 0.0215).

July Spread (Volatile) ±0.0025

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0239) against the same month in 2022 (average: 0.0188), the exchange rate shifted by +0.0052 (+27.61%).

2023 Avg (May) 0.0239

2022 Avg (May) 0.0188

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0219	0.0198	0.0208
February	0.0229	0.0216	0.0224
March	0.0233	0.0222	0.0226
April	0.0229	0.0219	0.0226
May	0.0246	0.0228	0.0239
June	0.0245	0.0228	0.0235
July	0.0238	0.0212	0.0224
August	0.0222	0.0215	0.0219
September	0.0222	0.0208	0.0214
October	0.0213	0.0198	0.0205
November	0.0217	0.0202	0.0209
December	0.0218	0.0207	0.0212