2023 CDF to KES Historical Review

YEARLY HIGH

0.0670 KES

YEARLY LOW

0.0554 KES

YEARLY AVERAGE

0.0601 KES

2023 CDF to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on May 15, valuing the pair at 0.0670. Conversely, the yearly low was recorded on December 19, dropping to 0.0554.

This high-to-low spread represents a total annual volatility of 0.0116 KES. From a start-to-finish perspective, comparing the January average rate of 0.0605 to the December average rate of 0.0567, the exchange rate registered a net change of -6.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0670 was up 10.20% compared to the 2022 peak of 0.0608, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CDF based on timing:

Yearly Peak High 335 KES

2022 Average 292 KES

Yearly Trough Low 277 KES

Transaction Impact: A difference of 58.20 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0654

0.0560

JanuMarcMayJulySeptNove

CDF to KES 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 0.0618, compared to 0.0584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0618

H2 Avg (Jul–Dec) 0.0584

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0078 KES (High: 0.0670 / Low: 0.0592). On the other end, January was the most stable month, with a tight range of 0.0012 KES (High: 0.0612 / Low: 0.0600).

May Spread (Volatile) ±0.0078

January Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0038 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0629) against the same month in 2022 (average: 0.0579), the exchange rate shifted by +0.0050 (+8.70%).

2023 Avg (May) 0.0629

2022 Avg (May) 0.0579

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0612	0.0600	0.0605
February	0.0621	0.0601	0.0609
March	0.0648	0.0617	0.0627
April	0.0657	0.0622	0.0646
May	0.0670	0.0592	0.0629
June	0.0598	0.0583	0.0591
July	0.0583	0.0558	0.0573
August	0.0589	0.0573	0.0581
September	0.0599	0.0584	0.0591
October	0.0604	0.0579	0.0593
November	0.0619	0.0561	0.0598
December	0.0579	0.0554	0.0567