2023 ETB to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 22, valuing the pair at 17.0673. Conversely, the yearly low was recorded on June 8, dropping to 14.4105.
This high-to-low spread represents a total annual volatility of 2.6567 CLP. From a start-to-finish perspective, comparing the January average rate of 15.3481 to the December average rate of 15.5985, the exchange rate registered a net change of 1.63% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 17.0673 was down 15.36% compared to the 2022 peak of 20.1640, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ETB 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 14.9074, compared to 15.7745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8671 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.2869 CLP (High: 16.0773 / Low: 14.7905). On the other end, June was the most stable month, with a tight range of 0.4468 CLP (High: 14.8574 / Low: 14.4105).
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 October and November, when the average rate fell by 0.7853 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 16.6806) against the same month in 2022 (average: 18.0630), the exchange rate shifted by -1.3823 (-7.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.0773 | 14.7905 | 15.3481 |
| February | 15.5023 | 14.6028 | 14.9134 |
| March | 15.5438 | 14.6238 | 15.0242 |
| April | 15.1698 | 14.6087 | 14.8609 |
| May | 14.9259 | 14.4460 | 14.6743 |
| June | 14.8574 | 14.4105 | 14.6236 |
| July | 15.2854 | 14.5590 | 14.8720 |
| August | 15.8557 | 15.3084 | 15.5541 |
| September | 16.4318 | 15.4422 | 16.0465 |
| October | 17.0673 | 15.9929 | 16.6806 |
| November | 16.5881 | 15.4956 | 15.8953 |
| December | 15.8505 | 15.3303 | 15.5985 |