2023 CAD to EUR Historical Review

YEARLY HIGH

0.7051 EUR

YEARLY LOW

0.6581 EUR

YEARLY AVERAGE

0.6846 EUR

2023 CAD to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.7051. Conversely, the yearly low was recorded on April 29, dropping to 0.6581.

This high-to-low spread represents a total annual volatility of 0.0470 EUR. From a start-to-finish perspective, comparing the January average rate of 0.6908 to the December average rate of 0.6827, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7051 was down 9.04% compared to the 2022 peak of 0.7751, 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 3,525 EUR

2022 Average 3,652 EUR

Yearly Trough Low 3,291 EUR

Transaction Impact: A difference of 234.82 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6964

0.6712

JanuMarcMayJulySeptNove

CAD to EUR 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 0.6855, compared to 0.6836 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.6855

H2 Avg (Jul–Dec) 0.6836

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0274 EUR (High: 0.6892 / Low: 0.6619). On the other end, June was the most stable month, with a tight range of 0.0076 EUR (High: 0.6985 / Low: 0.6909).

May Spread (Volatile) ±0.0274

June Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.0160 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.6911) against the same month in 2022 (average: 0.7579), the exchange rate shifted by -0.0667 (-8.80%).

2023 Avg (September) 0.6911

2022 Avg (September) 0.7579

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7008	0.6843	0.6908
February	0.7011	0.6841	0.6943
March	0.6939	0.6706	0.6813
April	0.6854	0.6581	0.6733
May	0.6892	0.6619	0.6795
June	0.6985	0.6909	0.6940
July	0.6948	0.6722	0.6836
August	0.6848	0.6760	0.6797
September	0.7051	0.6814	0.6911
October	0.6977	0.6811	0.6902
November	0.6852	0.6657	0.6743
December	0.6862	0.6786	0.6827