2023 ARS to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ARS to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ARS to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 88.0125. Conversely, the yearly low was recorded on December 31, dropping to 18.9896.
This high-to-low spread represents a total annual volatility of 69.0229 IDR. From a start-to-finish perspective, comparing the January average rate of 83.7734 to the December average rate of 28.3588, the exchange rate registered a net change of -66.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 88.0125 was down 37.01% compared to the 2022 peak of 139.7173, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ARS to IDR 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 72.0278, compared to 44.3612 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 27.6667 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 23.9434 IDR (High: 42.9330 / Low: 18.9896). On the other end, September was the most stable month, with a tight range of 0.9753 IDR (High: 44.5039 / Low: 43.5286).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 15.7480 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 83.7734) against the same month in 2022 (average: 137.9604), the exchange rate shifted by -54.1870 (-39.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 88.0125 | 80.2110 | 83.7734 |
| February | 80.5380 | 77.3191 | 79.0916 |
| March | 78.0601 | 71.8301 | 75.5603 |
| April | 71.8301 | 66.1797 | 69.1352 |
| May | 66.0157 | 62.6032 | 64.3564 |
| June | 62.0986 | 58.5975 | 60.2501 |
| July | 58.8052 | 54.8900 | 56.7060 |
| August | 54.8979 | 43.4359 | 48.0250 |
| September | 44.5039 | 43.5286 | 43.9430 |
| October | 45.5304 | 43.9734 | 45.0274 |
| November | 45.4558 | 42.6921 | 44.1068 |
| December | 42.9330 | 18.9896 | 28.3588 |