2023 BRL to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BRL to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BRL to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 114.3890. Conversely, the yearly low was recorded on March 18, dropping to 101.4152.
This high-to-low spread represents a total annual volatility of 12.9738 CRC. From a start-to-finish perspective, comparing the January average rate of 110.7933 to the December average rate of 107.2468, the exchange rate registered a net change of -3.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 114.3890 was down 20.78% compared to the 2022 peak of 144.3896, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BRL to CRC 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 108.4559, compared to 108.5177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0619 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 6.7081 CRC (High: 113.6970 / Low: 106.9889). On the other end, December was the most stable month, with a tight range of 2.2124 CRC (High: 108.4599 / Low: 106.2475).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 4.3962 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 112.5741) against the same month in 2022 (average: 127.0192), the exchange rate shifted by -14.4451 (-11.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 113.6133 | 107.9840 | 110.7933 |
| February | 111.5879 | 106.8821 | 109.1115 |
| March | 107.8085 | 101.4152 | 104.7153 |
| April | 109.3184 | 105.2692 | 106.8101 |
| May | 109.7196 | 106.5639 | 108.0057 |
| June | 113.5442 | 107.5347 | 111.2993 |
| July | 114.3890 | 110.2535 | 112.5741 |
| August | 113.6970 | 106.9889 | 109.6723 |
| September | 110.5065 | 106.3383 | 108.2939 |
| October | 106.4879 | 102.8299 | 105.0746 |
| November | 109.5211 | 106.9710 | 108.2446 |
| December | 108.4599 | 106.2475 | 107.2468 |