2023 MXN to CLP Historical Review

YEARLY HIGH

52.8654 CLP

YEARLY LOW

41.8168 CLP

YEARLY AVERAGE

47.4498 CLP

2023 MXN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 52.8654. Conversely, the yearly low was recorded on February 5, dropping to 41.8168.

This high-to-low spread represents a total annual volatility of 11.0486 CLP. From a start-to-finish perspective, comparing the January average rate of 43.4046 to the December average rate of 51.0364, the exchange rate registered a net change of 17.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.8654 was up 3.20% compared to the 2022 peak of 51.2256, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 2,643,269 CLP

2022 Average 2,176,080 CLP

Yearly Trough Low 2,090,840 CLP

Transaction Impact: A difference of 552,429.23 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.1061

42.2609

JanuMarcMayJulySeptNove

MXN 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 44.3697, compared to 50.5300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1603 points.

H1 Avg (Jan–Jun) 44.3697

H2 Avg (Jul–Dec) 50.5300

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 3.5526 CLP (High: 50.1585 / Low: 46.6060). On the other end, April was the most stable month, with a tight range of 1.3189 CLP (High: 45.2168 / Low: 43.8980).

July Spread (Volatile) ±3.5526

April Spread (Stable) ±1.3189

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3233 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.3233

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 51.2857) against the same month in 2022 (average: 47.7354), the exchange rate shifted by +3.5502 (+7.44%).

2023 Avg (October) 51.2857

2022 Avg (October) 47.7354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.4090	42.1127	43.4046
February	45.3345	41.8168	43.0813
March	44.8712	42.5610	43.8794
April	45.2168	43.8980	44.5581
May	45.7260	44.3402	45.0078
June	47.0278	45.2811	46.2869
July	50.1585	46.6060	48.1989
August	51.4247	49.1070	50.4379
September	52.0607	49.6200	51.2273
October	52.8654	49.4351	51.2857
November	52.5635	50.0653	50.9937
December	52.5697	49.7782	51.0364