2023 AFN to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 19.0165. Conversely, the yearly low was recorded on February 1, dropping to 13.5927.
This high-to-low spread represents a total annual volatility of 5.4238 KRW. From a start-to-finish perspective, comparing the January average rate of 13.9851 to the December average rate of 18.6061, the exchange rate registered a net change of 33.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.0165 was up 12.52% compared to the 2022 peak of 16.9001, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AFN to KRW 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 14.7566, compared to 17.0703 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3137 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 2.0145 KRW (High: 18.1991 / Low: 16.1846). On the other end, May was the most stable month, with a tight range of 0.6305 KRW (High: 15.5895 / Low: 14.9590).
Growth Streaks & Declines
TrendsBetween July and December, 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 May and June, when the average rate fell by 0.2374 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 18.6061) against the same month in 2022 (average: 14.7981), the exchange rate shifted by +3.8081 (+25.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.5649 | 13.7909 | 13.9851 |
| February | 15.0228 | 13.5927 | 14.2782 |
| March | 15.2827 | 14.4780 | 14.8984 |
| April | 15.5724 | 14.3924 | 15.2560 |
| May | 15.5895 | 14.9590 | 15.1796 |
| June | 15.3419 | 14.5639 | 14.9423 |
| July | 15.2635 | 14.5097 | 14.8357 |
| August | 16.3244 | 14.8835 | 15.6815 |
| September | 18.1991 | 16.1846 | 17.1228 |
| October | 18.3650 | 17.2834 | 17.8810 |
| November | 18.9779 | 17.4791 | 18.2948 |
| December | 19.0165 | 18.2920 | 18.6061 |