2023 CAD to DOP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to DOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 43.8544. Conversely, the yearly low was recorded on March 18, dropping to 39.2419.
This high-to-low spread represents a total annual volatility of 4.6124 DOP. From a start-to-finish perspective, comparing the January average rate of 42.1693 to the December average rate of 42.7565, the exchange rate registered a net change of 1.39% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 43.8544 was down 5.14% compared to the 2022 peak of 46.2296, 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 DOP 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 41.0172, compared to 41.9399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9227 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 2.0356 DOP (High: 43.8544 / Low: 41.8188). On the other end, August was the most stable month, with a tight range of 0.6939 DOP (High: 42.4110 / Low: 41.7170).
Growth Streaks & Declines
TrendsBetween 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 February and March, when the average rate fell by 1.6390 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 42.7565) against the same month in 2022 (average: 40.6794), the exchange rate shifted by +2.0771 (+5.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.6784 | 41.1626 | 42.1693 |
| February | 42.6514 | 40.7358 | 41.7482 |
| March | 40.8631 | 39.2419 | 40.1091 |
| April | 41.1138 | 39.8620 | 40.4696 |
| May | 40.8020 | 39.8415 | 40.3088 |
| June | 41.8469 | 40.5742 | 41.2984 |
| July | 42.6604 | 41.5090 | 42.1798 |
| August | 42.4110 | 41.7170 | 41.9934 |
| September | 42.1986 | 41.5018 | 41.8853 |
| October | 41.9001 | 40.9498 | 41.4201 |
| November | 41.9644 | 41.0465 | 41.4044 |
| December | 43.8544 | 41.8188 | 42.7565 |