YEARLY HIGH
2.3697 CLP
YEARLY LOW
1.7933 CLP
YEARLY AVERAGE
1.9550 CLP

2019 NGN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 2.3697. Conversely, the yearly low was recorded on February 26, dropping to 1.7933.

This high-to-low spread represents a total annual volatility of 0.5764 CLP. From a start-to-finish perspective, comparing the January average rate of 1.8578 to the December average rate of 2.1173, the exchange rate registered a net change of 13.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.3697 was up 23.15% compared to the 2018 peak of 1.9242, 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 2,369,694 CLP
2018 Average 1,777,088 CLP
Yearly Trough Low 1,793,294 CLP
Transaction Impact: A difference of 576,399.28 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.1944
1.7806
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 1.8843, compared to 2.0256 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1414 points.

H1 Avg (Jan–Jun) 1.8843
H2 Avg (Jul–Dec) 2.0256

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.4225 CLP (High: 2.3581 / Low: 1.9356). On the other end, February was the most stable month, with a tight range of 0.0449 CLP (High: 1.8382 / Low: 1.7933).

August Spread (Volatile) ±0.4225
February Spread (Stable) ±0.0449

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0920 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 2.1599) against the same month in 2018 (average: 1.8643), the exchange rate shifted by +0.2956 (+15.86%).

2019 Avg (November) 2.1599
2018 Avg (November) 1.8643

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9117 1.8259 1.8578
February 1.8382 1.7933 1.8150
March 1.8921 1.8240 1.8623
April 1.8853 1.8292 1.8517
May 1.9713 1.8800 1.9206
June 2.2839 1.8819 1.9982
July 1.9483 1.8785 1.9062
August 2.3581 1.9356 1.9917
September 2.0126 1.9556 1.9859
October 2.0526 1.9660 1.9930
November 2.3697 2.0503 2.1599
December 2.3685 2.0191 2.1173