2024 NGN to CLP Historical Review

YEARLY HIGH

1.0729 CLP

YEARLY LOW

0.5389 CLP

YEARLY AVERAGE

0.6612 CLP

2024 NGN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 1.0729. Conversely, the yearly low was recorded on September 28, dropping to 0.5389.

This high-to-low spread represents a total annual volatility of 0.5340 CLP. From a start-to-finish perspective, comparing the January average rate of 0.9976 to the December average rate of 0.6264, the exchange rate registered a net change of -37.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0729 was down 44.18% compared to the 2023 peak of 1.9219, 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 1,072,892 CLP

2023 Average 1,404,205 CLP

Yearly Trough Low 538,900 CLP

Transaction Impact: A difference of 533,991.51 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0407

0.5240

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 0.7315, compared to 0.5910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1405 points.

H1 Avg (Jan–Jun) 0.7315

H2 Avg (Jul–Dec) 0.5910

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.4538 CLP (High: 1.0524 / Low: 0.5986). On the other end, November was the most stable month, with a tight range of 0.0190 CLP (High: 0.5890 / Low: 0.5700).

February Spread (Volatile) ±0.4538

November Spread (Stable) ±0.0190

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 January and February, when the average rate fell by 0.2630 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2630

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9976) against the same month in 2023 (average: 1.8112), the exchange rate shifted by -0.8136 (-44.92%).

2024 Avg (January) 0.9976

2023 Avg (January) 1.8112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0729	0.9489	0.9976
February	1.0524	0.5986	0.7346
March	0.7030	0.5855	0.6348
April	0.8163	0.6935	0.7490
May	0.7639	0.5903	0.6500
June	0.6748	0.6057	0.6227
July	0.6686	0.5678	0.6168
August	0.5973	0.5705	0.5820
September	0.5892	0.5389	0.5671
October	0.5854	0.5421	0.5727
November	0.5890	0.5700	0.5808
December	0.6431	0.5787	0.6264