2023 GHS to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GHS to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GHS to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 101.5882. Conversely, the yearly low was recorded on February 22, dropping to 62.2716.
This high-to-low spread represents a total annual volatility of 39.3166 CLP. From a start-to-finish perspective, comparing the January average rate of 72.7358 to the December average rate of 72.8692, the exchange rate registered a net change of 0.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 101.5882 was down 26.67% compared to the 2022 peak of 138.5366, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GHS 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 68.9473, compared to 75.0856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1383 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 37.3685 CLP (High: 101.5882 / Low: 64.2197). On the other end, June was the most stable month, with a tight range of 2.2024 CLP (High: 71.7315 / Low: 69.5291).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 8.5678 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 72.7358) against the same month in 2022 (average: 132.0337), the exchange rate shifted by -59.2979 (-44.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 101.5882 | 64.2197 | 72.7358 |
| February | 65.8149 | 62.2716 | 64.1680 |
| March | 67.8893 | 63.3490 | 65.5068 |
| April | 75.9603 | 66.0058 | 70.4824 |
| May | 74.8290 | 66.7158 | 70.3073 |
| June | 71.7315 | 69.5291 | 70.4835 |
| July | 73.7252 | 69.9974 | 71.4759 |
| August | 77.3933 | 74.2603 | 75.9721 |
| September | 78.4892 | 74.6490 | 77.1252 |
| October | 80.4741 | 75.0422 | 78.8741 |
| November | 77.4609 | 72.4764 | 74.1968 |
| December | 74.3754 | 71.6935 | 72.8692 |