2023 AFN to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 8.7934. Conversely, the yearly low was recorded on April 18, dropping to 6.5321.
This high-to-low spread represents a total annual volatility of 2.2613 XOF. From a start-to-finish perspective, comparing the January average rate of 6.8442 to the December average rate of 8.5862, the exchange rate registered a net change of 25.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.7934 was up 10.99% compared to the 2022 peak of 7.9224, 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 XOF 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 6.9052, compared to 7.8587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9535 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.8775 XOF (High: 8.3419 / Low: 7.4644). On the other end, March was the most stable month, with a tight range of 0.1925 XOF (High: 7.0798 / Low: 6.8873).
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 June and July, when the average rate fell by 0.1280 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 8.5862) against the same month in 2022 (average: 7.0790), the exchange rate shifted by +1.5072 (+21.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.0811 | 6.7204 | 6.8442 |
| February | 7.0434 | 6.6239 | 6.8378 |
| March | 7.0798 | 6.8873 | 6.9885 |
| April | 7.0247 | 6.5321 | 6.8913 |
| May | 7.0259 | 6.7255 | 6.8926 |
| June | 7.1240 | 6.8422 | 6.9769 |
| July | 7.0326 | 6.6992 | 6.8489 |
| August | 7.4497 | 6.8786 | 7.1234 |
| September | 8.3419 | 7.4644 | 7.8852 |
| October | 8.4291 | 7.9835 | 8.2210 |
| November | 8.7433 | 8.2307 | 8.4876 |
| December | 8.7934 | 8.3839 | 8.5862 |