2023 SRD to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SRD to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SRD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 27.2759. Conversely, the yearly low was recorded on May 10, dropping to 20.7895.
This high-to-low spread represents a total annual volatility of 6.4864 CLP. From a start-to-finish perspective, comparing the January average rate of 25.8790 to the December average rate of 23.4486, the exchange rate registered a net change of -9.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.2759 was down 41.64% compared to the 2022 peak of 46.7347, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SRD 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 23.0143, compared to 23.0124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 2.5034 CLP (High: 27.2759 / Low: 24.7726). On the other end, June was the most stable month, with a tight range of 0.4800 CLP (High: 21.4482 / Low: 20.9682).
Growth Streaks & Declines
TrendsBetween 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 1.4618 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 25.8790) against the same month in 2022 (average: 38.7885), the exchange rate shifted by -12.9096 (-33.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.2759 | 24.7726 | 25.8790 |
| February | 24.8800 | 23.9328 | 24.4172 |
| March | 24.1337 | 21.9104 | 23.3561 |
| April | 22.7393 | 21.2158 | 21.8951 |
| May | 21.7965 | 20.7895 | 21.3668 |
| June | 21.4482 | 20.9682 | 21.1715 |
| July | 21.7582 | 20.9756 | 21.4619 |
| August | 22.8036 | 21.8254 | 22.3852 |
| September | 23.7892 | 22.3354 | 23.1355 |
| October | 24.8755 | 23.2540 | 24.3153 |
| November | 24.3185 | 22.9035 | 23.3275 |
| December | 24.1671 | 22.7967 | 23.4486 |