2023 AZN to INR Historical Review

YEARLY HIGH

49.0802 INR

YEARLY LOW

47.6150 INR

YEARLY AVERAGE

48.5688 INR

2023 AZN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 49.0802. Conversely, the yearly low was recorded on January 22, dropping to 47.6150.

This high-to-low spread represents a total annual volatility of 1.4652 INR. From a start-to-finish perspective, comparing the January average rate of 48.0735 to the December average rate of 48.9669, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 49.0802 was up 0.53% compared to the 2022 peak of 48.8219, 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 245,401 INR

2022 Average 231,185 INR

Yearly Trough Low 238,075 INR

Transaction Impact: A difference of 7,326.11 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

49.0599

47.9838

JanuMarcMayJulySeptNove

AZN to INR 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 48.3349, compared to 48.8027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4677 points.

H1 Avg (Jan–Jun) 48.3349

H2 Avg (Jul–Dec) 48.8027

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.0788 INR (High: 48.6937 / Low: 47.6150). On the other end, November was the most stable month, with a tight range of 0.2111 INR (High: 49.0484 / Low: 48.8372).

January Spread (Volatile) ±1.0788

November Spread (Stable) ±0.2111

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 0.2405 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2405

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 48.9669) against the same month in 2022 (average: 48.4969), the exchange rate shifted by +0.4700 (+0.97%).

2023 Avg (December) 48.9669

2022 Avg (December) 48.4969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	48.6937	47.6150	48.0735
February	48.7844	48.0650	48.6065
March	48.6564	48.0663	48.3660
April	48.4359	48.0476	48.2074
May	48.7677	48.0684	48.4240
June	48.5990	48.1390	48.3322
July	48.6874	48.1262	48.3434
August	48.9895	48.4129	48.7288
September	48.9999	48.6611	48.8506
October	49.0686	48.8333	48.9561
November	49.0484	48.8372	48.9702
December	49.0802	48.7594	48.9669