YEARLY HIGH
0.0655 PHP
YEARLY LOW
0.0564 PHP
YEARLY AVERAGE
0.0607 PHP

2024 CLP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CLP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 0.0655. Conversely, the yearly low was recorded on March 6, dropping to 0.0564.

This high-to-low spread represents a total annual volatility of 0.0091 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0616 to the December average rate of 0.0594, the exchange rate registered a net change of -3.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0655 was down 8.06% compared to the 2023 peak of 0.0712, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 65,485 PHP
2023 Average 66,332 PHP
Yearly Trough Low 56,376 PHP
Transaction Impact: A difference of 9,109.01 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0638
0.0573
JanuMarcMayJulySeptNove

CLP to PHP 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: JanтАУJun) was 0.0606, compared to 0.0609 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0004 points.

H1 Avg (JanтАУJun) 0.0606
H2 Avg (JulтАУDec) 0.0609

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0054 PHP (High: 0.0655 / Low: 0.0601). On the other end, August was the most stable month, with a tight range of 0.0013 PHP (High: 0.0621 / Low: 0.0607).

May Spread (Volatile) ┬▒0.0054
August Spread (Stable) ┬▒0.0013

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0036 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0036

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0631) against the same month in 2023 (average: 0.0699), the exchange rate shifted by -0.0068 (-9.79%).

2024 Avg (May) 0.0631
2023 Avg (May) 0.0699

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 0.0632 0.0605 0.0616
February 0.0599 0.0566 0.0580
March 0.0590 0.0564 0.0578
April 0.0611 0.0571 0.0597
May 0.0655 0.0601 0.0631
June 0.0651 0.0614 0.0632
July 0.0645 0.0613 0.0626
August 0.0621 0.0607 0.0613
September 0.0624 0.0592 0.0605
October 0.0623 0.0603 0.0613
November 0.0614 0.0597 0.0604
December 0.0602 0.0582 0.0594