2023 CAD to INR Historical Review

YEARLY HIGH

63.0528 INR

YEARLY LOW

59.1403 INR

YEARLY AVERAGE

61.1680 INR

2023 CAD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 63.0528. Conversely, the yearly low was recorded on March 11, dropping to 59.1403.

This high-to-low spread represents a total annual volatility of 3.9125 INR. From a start-to-finish perspective, comparing the January average rate of 60.8980 to the December average rate of 62.0774, the exchange rate registered a net change of 1.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 63.0528 was up 1.09% compared to the 2022 peak of 62.3753, 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 315,264 INR

2022 Average 301,861 INR

Yearly Trough Low 295,702 INR

Transaction Impact: A difference of 19,562.41 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.3353

59.8186

JanuMarcMayJulySeptNove

CAD to INR 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 60.9422, compared to 61.3939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4517 points.

H1 Avg (Jan–Jun) 60.9422

H2 Avg (Jul–Dec) 61.3939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.7538 INR (High: 63.0528 / Low: 61.2990). On the other end, July was the most stable month, with a tight range of 0.7003 INR (High: 62.5573 / Low: 61.8570).

December Spread (Volatile) ±1.7538

July Spread (Stable) ±0.7003

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 1.3739 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3739

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 62.0774) against the same month in 2022 (average: 60.5964), the exchange rate shifted by +1.4809 (+2.44%).

2023 Avg (December) 62.0774

2022 Avg (December) 60.5964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.4409	60.3371	60.8980
February	62.1142	60.5565	61.4021
March	60.7463	59.1403	60.0283
April	61.3060	59.8623	60.6325
May	61.4571	59.9926	60.8501
June	62.3522	61.1934	61.8420
July	62.5573	61.8570	62.1255
August	62.0140	60.6504	61.4333
September	61.8912	60.7965	61.2881
October	61.3151	60.0037	60.6913
November	61.4832	60.1762	60.7475
December	63.0528	61.2990	62.0774