2024-04-23 Chilean Peso News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


1. Understanding the Overall Trend of the Exchange Rates

From the dataset provided, it's observable that the exchange rate between started at a value of 0.00143 which was maintained for a large portion of the data. It then increased slightly to 0.00144 and maintained that level. This identifies a generally stable trend with a minor increase as time progresses.

2. Identifying Seasonality or Recurring Patterns

Considering that there are some fluctuations in the exchange rate, the same value is sustained for long stretches of time. This can mean that there is a minimal level of seasonality or recurring patterns in these changes as the data remains relatively constant. The fluctuations could be due to external market factors, but since we are not considering these factors for this analysis, it would be safe to assume that the trend suggests a minimal seasonality or cyclical pattern.

3. Noting Any Outliers

Given the relatively constant exchange rate throughout the provided timestamps, it's important to note that there are no significant outliers in this dataset. The exchange rate remains consistent for large portions of the time series data and only increments slightly. Therefore, there are no instances where the rate deviates significantly from the general trend.


This analysis is purely based on the provided dataset and does not consider external factors that potentially could cause spikes or drops in exchange rates such as macroeconomic indicators or geopolitical events. Such factors are critical to understanding the driving forces behind these exchange rates, but are beyond the scope of this analysis as mentioned.

ents The world of finance rarely stays still, and in that expansive ocean of change and fluctuation, the Chilean Peso (CLP) has maintained an astonishing level of stability. As we analyse the changes in the CLP exchange rate on April 22, 2024, from the opening to closing of markets all around the world, the story that unfolds is one of remarkable consistency. For much of the day, the CLP traded at a steady rate of 0.00143. During the first few hours of monitoring, this rate remained the same. From the early morning at 00:00:02 hours until around 06:25:02 hours, there wasn''t a major movement in the rate. The consistency was striking, creating a sense of stability in the market scene that can often feel like a rollercoaster. Around 06:25:02, nominal changes became apparent in the data, raising the figure to 0.00144, where it stayed for the remainder of the day. While this shift may seem insignificant to the untrained eye, it is these minute changes that can have far-reaching implications in the global financial markets. The uptick, small as it was, signaled a strengthening of the CLP during trading hours. It held this growth with a tight grip, maintaining the pace for the rest of the day. Stability in currency exchange rates, such as shown by the CLP, are often a reflection of confidence in the country''s economy, balanced fiscal management, and a controlled inflation rate. The perception of economic stability and policy predictability are essential to foster trust amongst foreign investors. In today''s market, such tranquility is not just a breath of fresh air but also paints a positive picture of Chile''s economic steadiness amid global uncertainties. It suggests effective handling of economic policies by monetary authorities, which is an essential factor for businesses and investors leveraging the currency in their operations or investments. The question that begs to be answered now is, will this stability persist? Market experts are carefully watching for any signs of change that could disrupt this calm. While some argue this could indicate an upcoming surge, others caution about potential market corrections leading to volatility. Either way, the spotlight remains firmly fixed on the CLP. Investors and market stakeholders would do well to watch this space closely. In a landscape dictated by sudden swings and shifts, consistent performers can often be a refuge for calculated risks and potential returns. After all, as the ancient adage goes, ''slow and steady wins the race.''Stability Shines in CLP Exchange Rates Amid Market Movements

Current Middle Market Exchange Rate

For information purposes only.