2023 AWG to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AWG to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AWG to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 347.7321. Conversely, the yearly low was recorded on July 14, dropping to 323.6661.
This high-to-low spread represents a total annual volatility of 24.0660 XOF. From a start-to-finish perspective, comparing the January average rate of 337.6226 to the December average rate of 333.4364, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 347.7321 was down 8.31% compared to the 2022 peak of 379.2438, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AWG 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 336.6529, compared to 336.6305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0224 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 15.6627 XOF (High: 340.2788 / Low: 324.6161). On the other end, October was the most stable month, with a tight range of 6.6890 XOF (High: 347.7321 / Low: 341.0431).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 8.5604 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 344.7272) against the same month in 2022 (average: 370.3257), the exchange rate shifted by -25.5985 (-6.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 345.9195 | 333.2404 | 337.6226 |
| February | 345.3099 | 330.9079 | 340.3617 |
| March | 345.4620 | 333.7308 | 339.9580 |
| April | 337.2859 | 327.4955 | 331.3976 |
| May | 340.2788 | 324.6161 | 334.7511 |
| June | 340.2191 | 331.0827 | 335.8266 |
| July | 335.7118 | 323.6661 | 329.2451 |
| August | 337.5832 | 330.0539 | 333.8117 |
| September | 346.8921 | 337.6973 | 341.1689 |
| October | 347.7321 | 341.0431 | 344.7272 |
| November | 343.7608 | 331.1645 | 337.3940 |
| December | 338.5157 | 327.6020 | 333.4364 |