2023 CAD to SCR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to SCR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 10.7327. Conversely, the yearly low was recorded on October 26, dropping to 9.2226.
This high-to-low spread represents a total annual volatility of 1.5101 SCR. From a start-to-finish perspective, comparing the January average rate of 10.0940 to the December average rate of 10.0198, the exchange rate registered a net change of -0.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.7327 was down 9.93% compared to the 2022 peak of 11.9157, 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 SCR 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 10.0493, compared to 9.8674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1818 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.1036 SCR (High: 10.6230 / Low: 9.5194). On the other end, August was the most stable month, with a tight range of 0.4017 SCR (High: 10.1279 / Low: 9.7262).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2486 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 10.1032) against the same month in 2022 (average: 10.2587), the exchange rate shifted by -0.1555 (-1.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.6230 | 9.5194 | 10.0940 |
| February | 10.6229 | 9.5487 | 10.0769 |
| March | 10.2988 | 9.4053 | 9.8283 |
| April | 10.4672 | 9.6175 | 9.9997 |
| May | 10.4106 | 9.6525 | 9.9808 |
| June | 10.7314 | 9.8198 | 10.3158 |
| July | 10.7327 | 9.7779 | 10.1032 |
| August | 10.1279 | 9.7262 | 9.9172 |
| September | 10.1314 | 9.4426 | 9.6986 |
| October | 10.1812 | 9.2226 | 9.7196 |
| November | 10.1176 | 9.4665 | 9.7463 |
| December | 10.5926 | 9.4958 | 10.0198 |