2023 EGP to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 34.7916. Conversely, the yearly low was recorded on May 14, dropping to 25.4342.
This high-to-low spread represents a total annual volatility of 9.3573 CLP. From a start-to-finish perspective, comparing the January average rate of 28.9234 to the December average rate of 28.3497, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 34.7916 was down 37.53% compared to the 2022 peak of 55.6961, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 26.5379, compared to 28.3127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7748 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 8.4956 CLP (High: 34.7916 / Low: 26.2959). On the other end, June was the most stable month, with a tight range of 0.6977 CLP (High: 26.1343 / Low: 25.4366).
Growth Streaks & Declines
TrendsBetween June and October, 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 January and February, when the average rate fell by 2.6391 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 28.9234) against the same month in 2022 (average: 52.2025), the exchange rate shifted by -23.2791 (-44.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.7916 | 26.2959 | 28.9234 |
| February | 27.2084 | 25.7373 | 26.2844 |
| March | 27.2273 | 25.5166 | 26.2123 |
| April | 26.6257 | 25.6843 | 26.1025 |
| May | 26.3105 | 25.4342 | 25.8714 |
| June | 26.1343 | 25.4366 | 25.8337 |
| July | 27.1927 | 25.8906 | 26.4070 |
| August | 28.2204 | 27.2312 | 27.7226 |
| September | 29.4238 | 27.6483 | 28.6772 |
| October | 30.6205 | 28.7147 | 30.0312 |
| November | 29.9685 | 28.0955 | 28.6885 |
| December | 28.9849 | 27.8762 | 28.3497 |