2023 AFN to CNY Historical Review

YEARLY HIGH

0.1049 CNY

YEARLY LOW

0.0747 CNY

YEARLY AVERAGE

0.0862 CNY

2023 AFN to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.1049. Conversely, the yearly low was recorded on February 8, dropping to 0.0747.

This high-to-low spread represents a total annual volatility of 0.0302 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0764 to the December average rate of 0.1018, the exchange rate registered a net change of 33.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1049 was up 23.52% compared to the 2022 peak of 0.0849, 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 525 CNY

2022 Average 375 CNY

Yearly Trough Low 373 CNY

Transaction Impact: A difference of 151.21 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1043

0.0738

JanuMarcMayJulySeptNove

AFN to CNY 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 0.0789, compared to 0.0936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0147 points.

H1 Avg (Jan–Jun) 0.0789

H2 Avg (Jul–Dec) 0.0936

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0107 CNY (High: 0.0998 / Low: 0.0891). On the other end, July was the most stable month, with a tight range of 0.0030 CNY (High: 0.0846 / Low: 0.0816).

September Spread (Volatile) ±0.0107

July Spread (Stable) ±0.0030

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 0.0001 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1009) against the same month in 2022 (average: 0.0815), the exchange rate shifted by +0.0194 (+23.76%).

2023 Avg (November) 0.1009

2022 Avg (November) 0.0815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0787	0.0747	0.0764
February	0.0791	0.0747	0.0763
March	0.0805	0.0772	0.0787
April	0.0808	0.0751	0.0795
May	0.0814	0.0782	0.0799
June	0.0850	0.0810	0.0825
July	0.0846	0.0816	0.0830
August	0.0894	0.0828	0.0858
September	0.0998	0.0891	0.0936
October	0.0997	0.0917	0.0963
November	0.1049	0.0972	0.1009
December	0.1035	0.1000	0.1018