YEARLY HIGH
0.8166 CAD
YEARLY LOW
0.7714 CAD
YEARLY AVERAGE
0.7941 CAD

2023 AZN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 0.8166. Conversely, the yearly low was recorded on July 13, dropping to 0.7714.

This high-to-low spread represents a total annual volatility of 0.0452 CAD. From a start-to-finish perspective, comparing the January average rate of 0.7894 to the December average rate of 0.7889, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8166 was down 0.01% compared to the 2022 peak of 0.8166, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AZN based on timing:

Yearly Peak High 4,083 CAD
2022 Average 3,829 CAD
Yearly Trough Low 3,857 CAD
Transaction Impact: A difference of 226.04 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8095
0.7753
JanuMarcMayJulySeptNove

AZN to CAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.7932, compared to 0.7950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.7932
H2 Avg (Jul–Dec) 0.7950

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0235 CAD (High: 0.7998 / Low: 0.7763). On the other end, September was the most stable month, with a tight range of 0.0141 CAD (High: 0.8049 / Low: 0.7908).

December Spread (Volatile) ±0.0235
September Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0173 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.8067) against the same month in 2022 (average: 0.8062), the exchange rate shifted by +0.0005 (+0.06%).

2023 Avg (October) 0.8067
2022 Avg (October) 0.8062

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8043 0.7827 0.7894
February 0.8027 0.7808 0.7916
March 0.8153 0.7955 0.8058
April 0.8046 0.7848 0.7951
May 0.8034 0.7866 0.7958
June 0.7911 0.7734 0.7816
July 0.7862 0.7714 0.7782
August 0.8006 0.7807 0.7932
September 0.8049 0.7908 0.7971
October 0.8166 0.7985 0.8067
November 0.8138 0.7975 0.8061
December 0.7998 0.7763 0.7889