2023 CAD to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 27.1855. Conversely, the yearly low was recorded on January 21, dropping to 24.3720.
This high-to-low spread represents a total annual volatility of 2.8136 THB. From a start-to-finish perspective, comparing the January average rate of 24.7433 to the December average rate of 26.0268, the exchange rate registered a net change of 5.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.1855 was down 5.01% compared to the 2022 peak of 28.6200, 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 THB 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 25.3277, compared to 26.1778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8501 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 1.3497 THB (High: 27.1653 / Low: 25.8156). On the other end, August was the most stable month, with a tight range of 0.4899 THB (High: 26.2498 / Low: 25.7599).
Growth Streaks & Declines
TrendsBetween August and October, 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 October and November, when the average rate fell by 0.7615 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 26.6084) against the same month in 2022 (average: 27.6719), the exchange rate shifted by -1.0634 (-3.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.5657 | 24.3720 | 24.7433 |
| February | 25.8243 | 24.6631 | 25.3157 |
| March | 25.6211 | 24.4875 | 25.1195 |
| April | 25.7512 | 24.8782 | 25.2851 |
| May | 25.6342 | 24.6890 | 25.2626 |
| June | 26.8949 | 25.7229 | 26.2398 |
| July | 26.6289 | 25.7941 | 26.1707 |
| August | 26.2498 | 25.7599 | 25.9867 |
| September | 27.1653 | 25.8156 | 26.4275 |
| October | 27.1855 | 25.9738 | 26.6084 |
| November | 26.1714 | 25.3789 | 25.8469 |
| December | 26.2919 | 25.7873 | 26.0268 |