2023 CAD to AED Historical Review

YEARLY HIGH

2.8011 AED

YEARLY LOW

2.6460 AED

YEARLY AVERAGE

2.7209 AED

2023 CAD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2.8011. Conversely, the yearly low was recorded on October 28, dropping to 2.6460.

This high-to-low spread represents a total annual volatility of 0.1552 AED. From a start-to-finish perspective, comparing the January average rate of 2.7370 to the December average rate of 2.7387, the exchange rate registered a net change of 0.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8011 was down 4.86% compared to the 2022 peak of 2.9442, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,006 AED

2022 Average 14,119 AED

Yearly Trough Low 13,230 AED

Transaction Impact: A difference of 775.78 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7861

2.6687

JanuMarcMayJulySeptNove

CAD to AED 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 2.7238, compared to 2.7180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 2.7238

H2 Avg (Jul–Dec) 2.7180

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0819 AED (High: 2.7829 / Low: 2.7010). On the other end, September was the most stable month, with a tight range of 0.0478 AED (High: 2.7321 / Low: 2.6843).

December Spread (Volatile) ±0.0819

September Spread (Stable) ±0.0478

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0524 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0524

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.7763) against the same month in 2022 (average: 2.8415), the exchange rate shifted by -0.0652 (-2.30%).

2023 Avg (July) 2.7763

2022 Avg (July) 2.8415

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7604	2.6862	2.7370
February	2.7670	2.6915	2.7294
March	2.7160	2.6500	2.6808
April	2.7526	2.6847	2.7170
May	2.7460	2.6885	2.7145
June	2.7937	2.7310	2.7643
July	2.8011	2.7482	2.7763
August	2.7676	2.6987	2.7239
September	2.7321	2.6843	2.7107
October	2.7060	2.6460	2.6785
November	2.7088	2.6549	2.6795
December	2.7829	2.7010	2.7387