2023 CAD to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 462.4940. Conversely, the yearly low was recorded on April 29, dropping to 431.6882.
This high-to-low spread represents a total annual volatility of 30.8058 XAF. From a start-to-finish perspective, comparing the January average rate of 453.1203 to the December average rate of 447.8173, the exchange rate registered a net change of -1.17% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 462.4940 was down 9.04% compared to the 2022 peak of 508.4311, 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 XAF 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 449.6770, compared to 448.4131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2639 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 17.9504 XAF (High: 452.0965 / Low: 434.1462). On the other end, June was the most stable month, with a tight range of 4.9553 XAF (High: 458.1687 / Low: 453.2134).
Growth Streaks & Declines
TrendsBetween April and June, 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 10.4632 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 453.3601) against the same month in 2022 (average: 497.1300), the exchange rate shifted by -43.7699 (-8.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 459.7162 | 448.8828 | 453.1203 |
| February | 459.9045 | 448.7130 | 455.4604 |
| March | 455.1572 | 439.8578 | 446.8717 |
| April | 449.5730 | 431.6882 | 441.6641 |
| May | 452.0965 | 434.1462 | 445.7041 |
| June | 458.1687 | 453.2134 | 455.2415 |
| July | 455.7842 | 440.9570 | 448.3935 |
| August | 449.1703 | 443.4174 | 445.8814 |
| September | 462.4940 | 446.9628 | 453.3601 |
| October | 457.6623 | 446.7868 | 452.7447 |
| November | 449.4664 | 436.6475 | 442.2815 |
| December | 450.1031 | 445.1364 | 447.8173 |