2023 MMK to CLP Historical Review

YEARLY HIGH

0.4508 CLP

YEARLY LOW

0.3720 CLP

YEARLY AVERAGE

0.4002 CLP

2023 MMK to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 0.4508. Conversely, the yearly low was recorded on February 2, dropping to 0.3720.

This high-to-low spread represents a total annual volatility of 0.0787 CLP. From a start-to-finish perspective, comparing the January average rate of 0.3920 to the December average rate of 0.4167, the exchange rate registered a net change of 6.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4508 was down 20.70% compared to the 2022 peak of 0.5684, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,254 CLP

2022 Average 2,272 CLP

Yearly Trough Low 1,860 CLP

Transaction Impact: A difference of 393.72 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4482

0.3739

JanuMarcMayJulySeptNove

MMK 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 0.3838, compared to 0.4167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0329 points.

H1 Avg (Jan–Jun) 0.3838

H2 Avg (Jul–Dec) 0.4167

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0325 CLP (High: 0.4105 / Low: 0.3779). On the other end, June was the most stable month, with a tight range of 0.0113 CLP (High: 0.3863 / Low: 0.3750).

January Spread (Volatile) ±0.0325

June Spread (Stable) ±0.0113

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 October and November, when the average rate fell by 0.0196 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0196

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4420) against the same month in 2022 (average: 0.4545), the exchange rate shifted by -0.0124 (-2.73%).

2023 Avg (October) 0.4420

2022 Avg (October) 0.4545

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4105	0.3779	0.3920
February	0.3968	0.3720	0.3814
March	0.3985	0.3754	0.3851
April	0.3926	0.3769	0.3838
May	0.3873	0.3738	0.3801
June	0.3863	0.3750	0.3801
July	0.3999	0.3808	0.3887
August	0.4159	0.4006	0.4080
September	0.4324	0.4063	0.4220
October	0.4508	0.4235	0.4420
November	0.4406	0.4140	0.4225
December	0.4250	0.4104	0.4167