2023 CAD to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 101.1193. Conversely, the yearly low was recorded on March 10, dropping to 94.1981.
This high-to-low spread represents a total annual volatility of 6.9212 NPR. From a start-to-finish perspective, comparing the January average rate of 97.5545 to the December average rate of 99.4164, the exchange rate registered a net change of 1.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 101.1193 was up 1.42% compared to the 2022 peak of 99.7013, 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 NPR 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 97.4984, compared to 98.1851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6867 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 3.0579 NPR (High: 101.1193 / Low: 98.0613). On the other end, June was the most stable month, with a tight range of 1.7164 NPR (High: 99.7614 / Low: 98.0450).
Growth Streaks & Declines
TrendsBetween 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 2.1868 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 99.4164) against the same month in 2022 (average: 96.9676), the exchange rate shifted by +2.4488 (+2.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 98.5793 | 96.2697 | 97.5545 |
| February | 99.2078 | 96.9034 | 98.1989 |
| March | 97.2067 | 94.1981 | 96.0121 |
| April | 98.1534 | 95.2443 | 96.9438 |
| May | 98.2391 | 95.9704 | 97.3159 |
| June | 99.7614 | 98.0450 | 98.9648 |
| July | 100.9985 | 98.3804 | 99.2901 |
| August | 99.2192 | 97.1568 | 98.2571 |
| September | 99.0088 | 97.2019 | 98.0157 |
| October | 98.0970 | 95.7195 | 97.0185 |
| November | 98.4240 | 96.2175 | 97.1128 |
| December | 101.1193 | 98.0613 | 99.4164 |