2023 CAD to SAR Historical Review

YEARLY HIGH

2.8612 SAR

YEARLY LOW

2.7009 SAR

YEARLY AVERAGE

2.7792 SAR

2023 CAD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2.8612. Conversely, the yearly low was recorded on October 28, dropping to 2.7009.

This high-to-low spread represents a total annual volatility of 0.1603 SAR. From a start-to-finish perspective, comparing the January average rate of 2.7990 to the December average rate of 2.7973, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8612 was down 4.84% compared to the 2022 peak of 3.0068, 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 14,306 SAR

2022 Average 14,433 SAR

Yearly Trough Low 13,504 SAR

Transaction Impact: A difference of 801.29 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8451

2.7253

JanuMarcMayJulySeptNove

CAD to SAR 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 2.7829, compared to 2.7755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 2.7829

H2 Avg (Jul–Dec) 2.7755

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0833 SAR (High: 2.8421 / Low: 2.7588). On the other end, September was the most stable month, with a tight range of 0.0488 SAR (High: 2.7901 / Low: 2.7413).

December Spread (Volatile) ±0.0833

September Spread (Stable) ±0.0488

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.0532 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0532

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.8351) against the same month in 2022 (average: 2.9049), the exchange rate shifted by -0.0699 (-2.40%).

2023 Avg (July) 2.8351

2022 Avg (July) 2.9049

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8212	2.7495	2.7990
February	2.8268	2.7493	2.7878
March	2.7756	2.7088	2.7407
April	2.8116	2.7420	2.7752
May	2.8044	2.7458	2.7722
June	2.8530	2.7889	2.8226
July	2.8612	2.8053	2.8351
August	2.8271	2.7563	2.7818
September	2.7901	2.7413	2.7679
October	2.7644	2.7009	2.7353
November	2.7672	2.7115	2.7359
December	2.8421	2.7588	2.7973