2024 MGA to CLP Historical Review

YEARLY HIGH

0.2253 CLP

YEARLY LOW

0.1911 CLP

YEARLY AVERAGE

0.2082 CLP

2024 MGA to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 0.2253. Conversely, the yearly low was recorded on January 1, dropping to 0.1911.

This high-to-low spread represents a total annual volatility of 0.0342 CLP. From a start-to-finish perspective, comparing the January average rate of 0.1992 to the December average rate of 0.2093, the exchange rate registered a net change of 5.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2253 was up 7.41% compared to the 2023 peak of 0.2098, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,127 CLP

2023 Average 944 CLP

Yearly Trough Low 956 CLP

Transaction Impact: A difference of 170.91 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2194

0.1973

JanuMarcMayJulySeptNove

MGA 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 0.2101, compared to 0.2063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.2101

H2 Avg (Jul–Dec) 0.2063

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0160 CLP (High: 0.2162 / Low: 0.2002). On the other end, November was the most stable month, with a tight range of 0.0059 CLP (High: 0.2123 / Low: 0.2064).

May Spread (Volatile) ±0.0160

November Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between August and December, 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 0.0108 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2176) against the same month in 2023 (average: 0.1839), the exchange rate shifted by +0.0337 (+18.31%).

2024 Avg (April) 0.2176

2023 Avg (April) 0.1839

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2059	0.1911	0.1992
February	0.2179	0.2059	0.2128
March	0.2248	0.2091	0.2166
April	0.2253	0.2124	0.2176
May	0.2162	0.2002	0.2068
June	0.2132	0.2020	0.2077
July	0.2114	0.2019	0.2075
August	0.2097	0.1982	0.2035
September	0.2084	0.1976	0.2039
October	0.2087	0.1990	0.2043
November	0.2123	0.2064	0.2091
December	0.2137	0.2069	0.2093