YEARLY HIGH
2.2063 CLP
YEARLY LOW
1.7096 CLP
YEARLY AVERAGE
1.9552 CLP

2017 NGN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 2.2063. Conversely, the yearly low was recorded on December 28, dropping to 1.7096.

This high-to-low spread represents a total annual volatility of 0.4967 CLP. From a start-to-finish perspective, comparing the January average rate of 2.1084 to the December average rate of 1.7654, the exchange rate registered a net change of -16.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 2.2063 was down 40.05% compared to the 2016 peak of 3.6800, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,206,277 CLP
2016 Average 2,770,129 CLP
Yearly Trough Low 1,709,572 CLP
Transaction Impact: A difference of 496,705.07 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

2.1562
1.7078
JanuMarcMayJulySeptNove

NGN 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 2.0914, compared to 1.8191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2722 points.

H1 Avg (Jan–Jun) 2.0914
H2 Avg (Jul–Dec) 1.8191

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.3250 CLP (High: 2.0686 / Low: 1.7436). On the other end, October was the most stable month, with a tight range of 0.0628 CLP (High: 1.7835 / Low: 1.7207).

August Spread (Volatile) ±0.3250
October Spread (Stable) ±0.0628

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 July and August, when the average rate fell by 0.2742 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2742

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 2.1084) against the same month in 2016 (average: 3.6221), the exchange rate shifted by -1.5137 (-41.79%).

2017 Avg (January) 2.1084
2016 Avg (January) 3.6221

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.2063 2.0540 2.1084
February 2.1129 2.0142 2.0400
March 2.1640 2.0622 2.1083
April 2.1391 2.0477 2.0825
May 2.1536 2.0617 2.1189
June 2.1416 1.8930 2.0901
July 2.1583 1.8679 2.0803
August 2.0686 1.7436 1.8060
September 1.7862 1.7154 1.7451
October 1.7835 1.7207 1.7553
November 1.8060 1.7401 1.7626
December 1.8267 1.7096 1.7654