2023 CAD to GBP Historical Review

YEARLY HIGH

0.6212 GBP

YEARLY LOW

0.5772 GBP

YEARLY AVERAGE

0.5958 GBP

2023 CAD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 0.6212. Conversely, the yearly low was recorded on July 15, dropping to 0.5772.

This high-to-low spread represents a total annual volatility of 0.0440 GBP. From a start-to-finish perspective, comparing the January average rate of 0.6086 to the December average rate of 0.5888, the exchange rate registered a net change of -3.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6212 was down 8.95% compared to the 2022 peak of 0.6823, 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 3,106 GBP

2022 Average 3,115 GBP

Yearly Trough Low 2,886 GBP

Transaction Impact: A difference of 219.76 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6192

0.5807

JanuMarcMayJulySeptNove

CAD to GBP 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 0.6014, compared to 0.5903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0111 points.

H1 Avg (Jan–Jun) 0.6014

H2 Avg (Jul–Dec) 0.5903

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0278 GBP (High: 0.6104 / Low: 0.5825). On the other end, June was the most stable month, with a tight range of 0.0105 GBP (High: 0.6009 / Low: 0.5904).

September Spread (Volatile) ±0.0278

June Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between August and October, 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 0.0146 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.6160) against the same month in 2022 (average: 0.5807), the exchange rate shifted by +0.0353 (+6.08%).

2023 Avg (February) 0.6160

2022 Avg (February) 0.5807

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6191	0.5993	0.6086
February	0.6212	0.6081	0.6160
March	0.6154	0.5925	0.6014
April	0.6034	0.5824	0.5945
May	0.5969	0.5836	0.5924
June	0.6009	0.5904	0.5955
July	0.5947	0.5772	0.5869
August	0.5891	0.5785	0.5839
September	0.6104	0.5825	0.5959
October	0.6048	0.5931	0.5992
November	0.5967	0.5795	0.5871
December	0.5954	0.5832	0.5888