2023 CAD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2102.2301. Conversely, the yearly low was recorded on March 18, dropping to 1492.8256.
This high-to-low spread represents a total annual volatility of 609.4045 CDF. From a start-to-finish perspective, comparing the January average rate of 1526.6733 to the December average rate of 2030.3451, the exchange rate registered a net change of 32.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2102.2301 was up 30.29% compared to the 2022 peak of 1613.5626, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CAD to CDF 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 1583.7393, compared to 1876.2841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 292.5448 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 227.9086 CDF (High: 1725.1448 / Low: 1497.2362). On the other end, September was the most stable month, with a tight range of 27.2525 CDF (High: 1849.4496 / Low: 1822.1971).
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 July and August, when the average rate fell by 29.9210 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2030.3451) against the same month in 2022 (average: 1503.5415), the exchange rate shifted by +526.8036 (+35.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1552.3648 | 1493.3751 | 1526.6733 |
| February | 1558.7050 | 1499.6517 | 1532.6417 |
| March | 1528.0495 | 1492.8256 | 1509.4400 |
| April | 1604.6794 | 1496.5091 | 1539.7203 |
| May | 1725.1448 | 1497.2362 | 1617.5783 |
| June | 1819.1013 | 1728.7441 | 1776.3824 |
| July | 1931.0502 | 1818.5248 | 1866.2914 |
| August | 1869.4066 | 1805.6528 | 1836.3704 |
| September | 1849.4496 | 1822.1971 | 1832.9769 |
| October | 1874.2268 | 1804.7519 | 1836.2943 |
| November | 2008.4258 | 1791.1841 | 1855.4264 |
| December | 2102.2301 | 1969.3703 | 2030.3451 |