2023 BOB to CNY Historical Review

YEARLY HIGH

1.0629 CNY

YEARLY LOW

0.9700 CNY

YEARLY AVERAGE

1.0239 CNY

2023 BOB to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 1.0629. Conversely, the yearly low was recorded on January 13, dropping to 0.9700.

This high-to-low spread represents a total annual volatility of 0.0929 CNY. From a start-to-finish perspective, comparing the January average rate of 0.9829 to the December average rate of 1.0290, the exchange rate registered a net change of 4.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0629 was up 0.25% compared to the 2022 peak of 1.0602, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,314 CNY

2022 Average 4,882 CNY

Yearly Trough Low 4,850 CNY

Transaction Impact: A difference of 464.41 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0629

0.9756

JanuMarcMayJulySeptNove

BOB to CNY 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 1.0027, compared to 1.0452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0425 points.

H1 Avg (Jan–Jun) 1.0027

H2 Avg (Jul–Dec) 1.0452

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0360 CNY (High: 1.0605 / Low: 1.0245). On the other end, April was the most stable month, with a tight range of 0.0124 CNY (High: 1.0035 / Low: 0.9911).

November Spread (Volatile) ±0.0360

April Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

Between April and September, 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 November and December, when the average rate fell by 0.0149 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 1.0557) against the same month in 2022 (average: 1.0148), the exchange rate shifted by +0.0409 (+4.03%).

2023 Avg (September) 1.0557

2022 Avg (September) 1.0148

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0007	0.9700	0.9829
February	1.0072	0.9714	0.9903
March	1.0109	0.9873	0.9989
April	1.0035	0.9911	0.9968
May	1.0297	0.9995	1.0118
June	1.0498	1.0214	1.0355
July	1.0563	1.0239	1.0410
August	1.0566	1.0373	1.0477
September	1.0629	1.0494	1.0557
October	1.0613	1.0359	1.0536
November	1.0605	1.0245	1.0439
December	1.0387	1.0192	1.0290