2023 SGD to CLP Historical Review

YEARLY HIGH

691.9578 CLP

YEARLY LOW

586.3245 CLP

YEARLY AVERAGE

625.4075 CLP

2023 SGD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 691.9578. Conversely, the yearly low was recorded on June 8, dropping to 586.3245.

This high-to-low spread represents a total annual volatility of 105.6333 CLP. From a start-to-finish perspective, comparing the January average rate of 621.3957 to the December average rate of 657.9989, the exchange rate registered a net change of 5.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 691.9578 was down 8.36% compared to the 2022 peak of 755.0516, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,459,789 CLP

2022 Average 3,169,709 CLP

Yearly Trough Low 2,931,623 CLP

Transaction Impact: A difference of 528,166.53 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

686.0950

584.3623

JanuMarcMayJulySeptNove

SGD 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 602.8660, compared to 647.9491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.0831 points.

H1 Avg (Jan–Jun) 602.8660

H2 Avg (Jul–Dec) 647.9491

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 40.7742 CLP (High: 631.9196 / Low: 591.1454). On the other end, June was the most stable month, with a tight range of 14.5164 CLP (High: 600.8409 / Low: 586.3245).

July Spread (Volatile) ±40.7742

June Spread (Stable) ±14.5164

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 20.5704 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -20.5704

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 677.6172) against the same month in 2022 (average: 670.0988), the exchange rate shifted by +7.5185 (+1.12%).

2023 Avg (October) 677.6172

2022 Avg (October) 670.0988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	640.7053	603.8467	621.3957
February	618.6886	590.3448	600.8253
March	619.1365	588.5109	602.2602
April	616.0503	594.3117	604.4210
May	606.9552	586.9101	595.4535
June	600.8409	586.3245	592.8400
July	631.9196	591.1454	610.8507
August	642.8342	623.3086	634.1354
September	662.4183	630.6709	649.8943
October	691.9578	651.8886	677.6172
November	681.3755	647.9622	657.1981
December	674.7860	646.4224	657.9989