2024 MXN to CLP Historical Review

YEARLY HIGH

59.2797 CLP

YEARLY LOW

45.6220 CLP

YEARLY AVERAGE

51.7998 CLP

2024 MXN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 59.2797. Conversely, the yearly low was recorded on September 28, dropping to 45.6220.

This high-to-low spread represents a total annual volatility of 13.6577 CLP. From a start-to-finish perspective, comparing the January average rate of 53.2837 to the December average rate of 48.5689, the exchange rate registered a net change of -8.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 59.2797 was up 12.13% compared to the 2023 peak of 52.8654, 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 2,963,984 CLP

2023 Average 2,373,839 CLP

Yearly Trough Low 2,281,099 CLP

Transaction Impact: A difference of 682,884.66 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

58.7215

46.2323

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 55.0088, compared to 48.5909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.4179 points.

H1 Avg (Jan–Jun) 55.0088

H2 Avg (Jul–Dec) 48.5909

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 5.2395 CLP (High: 54.1428 / Low: 48.9034). On the other end, November was the most stable month, with a tight range of 1.1076 CLP (High: 48.3801 / Low: 47.2725).

June Spread (Volatile) ±5.2395

November Spread (Stable) ±1.1076

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 3.4875 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.4875

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 56.9045) against the same month in 2023 (average: 44.5581), the exchange rate shifted by +12.3464 (+27.71%).

2024 Avg (April) 56.9045

2023 Avg (April) 44.5581

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.2249	51.7794	53.2837
February	57.9144	54.7174	56.5318
March	59.1782	56.2805	57.6807
April	59.2797	55.1304	56.9045
May	56.5758	53.3679	54.5696
June	54.1428	48.9034	51.0821
July	52.6096	50.5960	51.6387
August	50.4224	45.8017	48.5386
September	48.6259	45.6220	47.2730
October	48.2632	46.0573	47.6748
November	48.3801	47.2725	47.8512
December	49.2862	47.6656	48.5689