2023 AZN to EUR Historical Review

YEARLY HIGH

0.5619 EUR

YEARLY LOW

0.5232 EUR

YEARLY AVERAGE

0.5436 EUR

2023 AZN to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.5619. Conversely, the yearly low was recorded on July 14, dropping to 0.5232.

This high-to-low spread represents a total annual volatility of 0.0387 EUR. From a start-to-finish perspective, comparing the January average rate of 0.5453 to the December average rate of 0.5386, 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 0.5619 was down 8.35% compared to the 2022 peak of 0.6130, 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 2,809 EUR

2022 Average 2,797 EUR

Yearly Trough Low 2,616 EUR

Transaction Impact: A difference of 193.40 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5592

0.5295

JanuMarcMayJulySeptNove

AZN to EUR 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 0.5437, compared to 0.5435 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.5437

H2 Avg (Jul–Dec) 0.5435

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0253 EUR (High: 0.5500 / Low: 0.5247). On the other end, October was the most stable month, with a tight range of 0.0106 EUR (High: 0.5619 / Low: 0.5513).

May Spread (Volatile) ±0.0253

October Spread (Stable) ±0.0106

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 March and April, when the average rate fell by 0.0136 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5567) against the same month in 2022 (average: 0.5981), the exchange rate shifted by -0.0414 (-6.92%).

2023 Avg (October) 0.5567

2022 Avg (October) 0.5981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5591	0.5387	0.5453
February	0.5574	0.5341	0.5497
March	0.5576	0.5394	0.5489
April	0.5444	0.5286	0.5353
May	0.5500	0.5247	0.5407
June	0.5499	0.5352	0.5424
July	0.5419	0.5232	0.5319
August	0.5449	0.5335	0.5392
September	0.5599	0.5451	0.5509
October	0.5619	0.5513	0.5567
November	0.5557	0.5346	0.5436
December	0.5464	0.5295	0.5386