2023 NZD to CLP Historical Review

YEARLY HIGH

565.1910 CLP

YEARLY LOW

478.2613 CLP

YEARLY AVERAGE

515.5040 CLP

2023 NZD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 565.1910. Conversely, the yearly low was recorded on June 7, dropping to 478.2613.

This high-to-low spread represents a total annual volatility of 86.9297 CLP. From a start-to-finish perspective, comparing the January average rate of 527.2209 to the December average rate of 545.6785, the exchange rate registered a net change of 3.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 565.1910 was down 13.69% compared to the 2022 peak of 654.8562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NZD based on timing:

Yearly Peak High 2,825,955 CLP

2022 Average 2,771,368 CLP

Yearly Trough Low 2,391,306 CLP

Transaction Impact: A difference of 434,648.63 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

552.5075

484.0319

JanuMarcMayJulySeptNove

NZD 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 502.7398, compared to 528.2682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.5285 points.

H1 Avg (Jan–Jun) 502.7398

H2 Avg (Jul–Dec) 528.2682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 40.8879 CLP (High: 559.3657 / Low: 518.4778). On the other end, June was the most stable month, with a tight range of 20.2435 CLP (High: 498.5048 / Low: 478.2613).

October Spread (Volatile) ±40.8879

June Spread (Stable) ±20.2435

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 24.2325 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -24.2325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 545.6785) against the same month in 2022 (average: 554.3421), the exchange rate shifted by -8.6636 (-1.56%).

2023 Avg (December) 545.6785

2022 Avg (December) 554.3421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	538.8666	510.8769	527.2209
February	513.6332	492.9491	502.9884
March	521.0415	485.9010	501.2756
April	512.8977	489.0753	499.9516
May	506.9374	483.5620	495.2639
June	498.5048	478.2613	489.7382
July	521.2900	491.5365	507.4617
August	526.4222	498.8960	513.0099
September	539.7267	507.8726	525.2848
October	559.3657	518.4778	546.8012
November	544.6482	523.5695	531.3733
December	565.1910	533.5355	545.6785