2023 AFN to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 36.5613. Conversely, the yearly low was recorded on April 18, dropping to 27.4593.
This high-to-low spread represents a total annual volatility of 9.1019 SYP. From a start-to-finish perspective, comparing the January average rate of 28.2775 to the December average rate of 35.9200, the exchange rate registered a net change of 27.03% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 36.5613 was up 24.15% compared to the 2022 peak of 29.4500, 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 SYP 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 28.6152, compared to 32.5669 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.9517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 3.4227 SYP (High: 34.2651 / Low: 30.8425). On the other end, January was the most stable month, with a tight range of 0.7486 SYP (High: 28.6540 / Low: 27.9054).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2844 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 35.1852) against the same month in 2022 (average: 28.5798), the exchange rate shifted by +6.6053 (+23.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.6540 | 27.9054 | 28.2775 |
| February | 28.6230 | 27.6395 | 28.0271 |
| March | 29.3686 | 28.0730 | 28.6826 |
| April | 29.4678 | 27.4593 | 29.0048 |
| May | 29.1629 | 28.2800 | 28.7204 |
| June | 29.5025 | 28.7106 | 28.9786 |
| July | 29.5121 | 28.6434 | 29.0072 |
| August | 30.9401 | 29.0021 | 29.7657 |
| September | 34.2651 | 30.8425 | 32.2519 |
| October | 34.2682 | 32.0470 | 33.2712 |
| November | 36.5613 | 33.7252 | 35.1852 |
| December | 36.2609 | 35.5027 | 35.9200 |