2023 ZAR to CLP Historical Review

YEARLY HIGH

50.6175 CLP

YEARLY LOW

40.6246 CLP

YEARLY AVERAGE

45.5547 CLP

2023 ZAR to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 50.6175. Conversely, the yearly low was recorded on May 28, dropping to 40.6246.

This high-to-low spread represents a total annual volatility of 9.9929 CLP. From a start-to-finish perspective, comparing the January average rate of 48.2141 to the December average rate of 47.1135, the exchange rate registered a net change of -2.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 50.6175 was down 17.72% compared to the 2022 peak of 61.5199, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 2,530,874 CLP

2022 Average 2,671,605 CLP

Yearly Trough Low 2,031,228 CLP

Transaction Impact: A difference of 499,645.79 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

49.4379

41.1039

JanuMarcMayJulySeptNove

ZAR 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 44.3080, compared to 46.8013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4933 points.

H1 Avg (Jan–Jun) 44.3080

H2 Avg (Jul–Dec) 46.8013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 5.0255 CLP (High: 47.0779 / Low: 42.0524). On the other end, August was the most stable month, with a tight range of 1.4342 CLP (High: 46.4412 / Low: 45.0070).

July Spread (Volatile) ±5.0255

August Spread (Stable) ±1.4342

Growth Streaks & Declines

Trends

Between 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 3.5197 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -3.5197

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 48.2141) against the same month in 2022 (average: 52.9340), the exchange rate shifted by -4.7199 (-8.92%).

2023 Avg (January) 48.2141

2022 Avg (January) 52.9340

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.6175	45.6014	48.2141
February	46.1933	43.7076	44.6943
March	45.0073	42.8773	44.2020
April	45.6667	43.6511	44.3213
May	43.8747	40.6246	41.7984
June	43.8501	40.8951	42.6182
July	47.0779	42.0524	44.8078
August	46.4412	45.0070	45.6152
September	47.9685	45.0563	46.7195
October	50.4149	47.0157	48.7434
November	49.5259	46.0451	47.8085
December	48.3015	45.9219	47.1135