2023 CAD to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 23.8806. Conversely, the yearly low was recorded on March 25, dropping to 21.9762.
This high-to-low spread represents a total annual volatility of 1.9043 TWD. From a start-to-finish perspective, comparing the January average rate of 22.6461 to the December average rate of 23.2754, the exchange rate registered a net change of 2.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.8806 was up 0.51% compared to the 2022 peak of 23.7592, 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 TWD 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 22.6562, compared to 23.4814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8252 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.8276 TWD (High: 23.5855 / Low: 22.7579). On the other end, January was the most stable month, with a tight range of 0.3405 TWD (High: 22.7670 / Low: 22.4265).
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 October and November, when the average rate fell by 0.2742 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 23.6339) against the same month in 2022 (average: 23.4411), the exchange rate shifted by +0.1928 (+0.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.7670 | 22.4265 | 22.6461 |
| February | 22.6844 | 22.3103 | 22.4956 |
| March | 22.5746 | 21.9762 | 22.3007 |
| April | 22.8352 | 22.3999 | 22.6090 |
| May | 22.9452 | 22.4824 | 22.6949 |
| June | 23.5855 | 22.7579 | 23.1911 |
| July | 23.8304 | 23.3079 | 23.5738 |
| August | 23.8104 | 23.3842 | 23.5958 |
| September | 23.8806 | 23.4023 | 23.6339 |
| October | 23.7663 | 23.3270 | 23.5418 |
| November | 23.5034 | 22.9112 | 23.2676 |
| December | 23.4929 | 23.0728 | 23.2754 |