2023 CAD to JPY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to JPY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 110.7302. Conversely, the yearly low was recorded on March 25, dropping to 94.7223.
This high-to-low spread represents a total annual volatility of 16.0079 JPY. From a start-to-finish perspective, comparing the January average rate of 97.0017 to the December average rate of 107.1278, the exchange rate registered a net change of 10.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 110.7302 was up 0.68% compared to the 2022 peak of 109.9845, 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 JPY 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 100.0185, compared to 108.1064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.0880 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 6.0757 JPY (High: 109.2672 / Low: 103.1915). On the other end, August was the most stable month, with a tight range of 2.1834 JPY (High: 108.0932 / Low: 105.9098).
Growth Streaks & Declines
TrendsBetween March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.1593 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 109.0848) against the same month in 2022 (average: 107.3933), the exchange rate shifted by +1.6915 (+1.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 98.3499 | 95.2514 | 97.0017 |
| February | 100.4147 | 96.6817 | 98.9703 |
| March | 100.5469 | 94.7223 | 97.5139 |
| April | 100.5855 | 97.3148 | 98.8120 |
| May | 103.5169 | 98.7070 | 101.4400 |
| June | 109.2672 | 103.1915 | 106.3727 |
| July | 109.1958 | 104.8059 | 106.6992 |
| August | 108.0932 | 105.9098 | 107.3784 |
| September | 110.7302 | 107.6765 | 109.0848 |
| October | 110.1622 | 107.8049 | 109.0614 |
| November | 110.4962 | 108.1052 | 109.2870 |
| December | 108.7942 | 105.6926 | 107.1278 |