2024 MDL to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 56.0987. Conversely, the yearly low was recorded on May 20, dropping to 50.2238.
This high-to-low spread represents a total annual volatility of 5.8749 CLP. From a start-to-finish perspective, comparing the January average rate of 51.5765 to the December average rate of 53.6991, the exchange rate registered a net change of 4.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 56.0987 was up 6.94% compared to the 2023 peak of 52.4600, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL 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 53.1543, compared to 53.3150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1607 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 4.2421 CLP (High: 54.4659 / Low: 50.2238). On the other end, December was the most stable month, with a tight range of 1.4653 CLP (High: 54.3398 / Low: 52.8745).
Growth Streaks & Declines
TrendsBetween May and September, 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 April and May, when the average rate fell by 2.0386 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 54.7876) against the same month in 2023 (average: 43.4044), the exchange rate shifted by +11.3832 (+26.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 52.5869 | 50.5205 | 51.5765 |
| February | 55.6235 | 52.6539 | 54.2741 |
| March | 56.0987 | 53.2788 | 54.7876 |
| April | 56.0538 | 53.1759 | 53.9589 |
| May | 54.4659 | 50.2238 | 51.9203 |
| June | 53.4829 | 51.1889 | 52.4085 |
| July | 54.1169 | 51.3480 | 52.8026 |
| August | 54.0188 | 51.7634 | 53.1437 |
| September | 54.8079 | 51.7813 | 53.3033 |
| October | 53.9853 | 52.0563 | 53.0494 |
| November | 55.0405 | 53.3149 | 53.8918 |
| December | 54.3398 | 52.8745 | 53.6991 |