2023 KRW to CLP Historical Review

YEARLY HIGH

0.7024 CLP

YEARLY LOW

0.5853 CLP

YEARLY AVERAGE

0.6432 CLP

2023 KRW to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 0.7024. Conversely, the yearly low was recorded on May 12, dropping to 0.5853.

This high-to-low spread represents a total annual volatility of 0.1171 CLP. From a start-to-finish perspective, comparing the January average rate of 0.6625 to the December average rate of 0.6731, the exchange rate registered a net change of 1.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7024 was down 12.71% compared to the 2022 peak of 0.8047, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000,000 KRW based on timing:

Yearly Peak High 3,511,973 CLP

2022 Average 3,385,033 CLP

Yearly Trough Low 2,926,343 CLP

Transaction Impact: A difference of 585,629.49 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6956

0.5923

JanuMarcMayJulySeptNove

KRW to CLP 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 0.6223, compared to 0.6641 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0418 points.

H1 Avg (Jan–Jun) 0.6223

H2 Avg (Jul–Dec) 0.6641

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0485 CLP (High: 0.6574 / Low: 0.6089). On the other end, August was the most stable month, with a tight range of 0.0209 CLP (High: 0.6590 / Low: 0.6382).

July Spread (Volatile) ±0.0485

August Spread (Stable) ±0.0209

Growth Streaks & Declines

Trends

Between 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 0.0364 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0364

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6870) against the same month in 2022 (average: 0.6679), the exchange rate shifted by +0.0190 (+2.85%).

2023 Avg (October) 0.6870

2022 Avg (October) 0.6679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6738	0.6439	0.6625
February	0.6442	0.6091	0.6260
March	0.6348	0.6007	0.6188
April	0.6219	0.5977	0.6092
May	0.6115	0.5853	0.6009
June	0.6360	0.6049	0.6162
July	0.6574	0.6089	0.6347
August	0.6590	0.6382	0.6473
September	0.6740	0.6468	0.6642
October	0.7024	0.6587	0.6870
November	0.7017	0.6622	0.6781
December	0.6895	0.6611	0.6731