2023 NIO to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NIO to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NIO to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 22, valuing the pair at 25.8479. Conversely, the yearly low was recorded on February 2, dropping to 21.4924.
This high-to-low spread represents a total annual volatility of 4.3554 CLP. From a start-to-finish perspective, comparing the January average rate of 22.5672 to the December average rate of 23.8898, the exchange rate registered a net change of 5.86% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.8479 was down 11.94% compared to the 2022 peak of 29.3529, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NIO to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.0596, compared to 23.9035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8439 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.9178 CLP (High: 23.6381 / Low: 21.7203). On the other end, June was the most stable month, with a tight range of 0.6295 CLP (High: 22.1561 / Low: 21.5266).
Growth Streaks & Declines
TrendsBetween May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.1447 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 25.3574) against the same month in 2022 (average: 26.4961), the exchange rate shifted by -1.1387 (-4.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6381 | 21.7203 | 22.5672 |
| February | 22.8410 | 21.4924 | 21.9498 |
| March | 22.8176 | 21.5540 | 22.1261 |
| April | 22.5158 | 21.6243 | 22.0464 |
| May | 22.2504 | 21.5127 | 21.8337 |
| June | 22.1561 | 21.5266 | 21.8347 |
| July | 22.9693 | 21.8682 | 22.3197 |
| August | 23.8622 | 23.0153 | 23.4176 |
| September | 24.8447 | 23.3182 | 24.2240 |
| October | 25.8479 | 24.3142 | 25.3574 |
| November | 25.2748 | 23.6616 | 24.2127 |
| December | 24.3881 | 23.4481 | 23.8898 |