2023 AFN to CDF Historical Review

YEARLY HIGH

40.1280 CDF

YEARLY LOW

22.5845 CDF

YEARLY AVERAGE

28.6296 CDF

2023 AFN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 40.1280. Conversely, the yearly low was recorded on April 18, dropping to 22.5845.

This high-to-low spread represents a total annual volatility of 17.5435 CDF. From a start-to-finish perspective, comparing the January average rate of 23.0573 to the December average rate of 38.9223, the exchange rate registered a net change of 68.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 40.1280 was up 66.93% compared to the 2022 peak of 24.0393, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 200,640 CDF

2022 Average 112,502 CDF

Yearly Trough Low 112,923 CDF

Transaction Impact: A difference of 87,717.50 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.5137

21.4159

JanuMarcMayJulySeptNove

AFN to CDF 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 24.3237, compared to 32.9355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.6118 points.

H1 Avg (Jan–Jun) 24.3237

H2 Avg (Jul–Dec) 32.9355

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.5260 CDF (High: 39.1775 / Low: 33.6516). On the other end, January was the most stable month, with a tight range of 0.4716 CDF (High: 23.2910 / Low: 22.8194).

November Spread (Volatile) ±5.5260

January Spread (Stable) ±0.4716

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0500 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0500

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 38.9223) against the same month in 2022 (average: 23.3900), the exchange rate shifted by +15.5322 (+66.41%).

2023 Avg (December) 38.9223

2022 Avg (December) 23.3900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.2910	22.8194	23.0573
February	23.4963	22.5939	23.0074
March	24.1496	22.8492	23.6083
April	25.2911	22.5845	24.0272
May	26.8626	23.0177	25.0193
June	27.9930	26.5954	27.2226
July	29.2974	27.5429	28.5050
August	30.5425	28.2081	29.3362
September	34.1359	30.4571	31.8833
October	34.8658	31.5990	33.3521
November	39.1775	33.6516	35.6144
December	40.1280	37.8723	38.9223