2023 NOK to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 87.9935. Conversely, the yearly low was recorded on June 6, dropping to 71.5383.
This high-to-low spread represents a total annual volatility of 16.4552 CLP. From a start-to-finish perspective, comparing the January average rate of 82.9373 to the December average rate of 83.3776, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 87.9935 was down 17.05% compared to the 2022 peak of 106.0800, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK 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 77.0265, compared to 82.1231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0966 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 8.6334 CLP (High: 87.9935 / Low: 79.3601). On the other end, March was the most stable month, with a tight range of 3.6408 CLP (High: 78.3120 / Low: 74.6712).
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 January and February, when the average rate fell by 4.7761 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 83.3776) against the same month in 2022 (average: 88.3636), the exchange rate shifted by -4.9860 (-5.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.6300 | 79.4900 | 82.9373 |
| February | 80.5994 | 76.7507 | 78.1611 |
| March | 78.3120 | 74.6712 | 76.6484 |
| April | 79.0881 | 74.9306 | 76.6328 |
| May | 76.1573 | 72.0635 | 73.8066 |
| June | 75.7024 | 71.5383 | 73.9728 |
| July | 82.9994 | 74.5879 | 79.3579 |
| August | 84.9472 | 78.9830 | 81.8180 |
| September | 84.4886 | 80.0068 | 82.5872 |
| October | 86.6674 | 79.8922 | 84.3295 |
| November | 83.5744 | 79.0863 | 81.2686 |
| December | 87.9935 | 79.3601 | 83.3776 |