2023 CHF to NAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CHF to NAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CHF to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 22.5833. Conversely, the yearly low was recorded on January 5, dropping to 18.0419.
This high-to-low spread represents a total annual volatility of 4.5414 NAD. From a start-to-finish perspective, comparing the January average rate of 18.4851 to the December average rate of 21.6320, the exchange rate registered a net change of 17.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 22.5833 was up 18.63% compared to the 2022 peak of 19.0365, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CHF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CHF to NAD 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 19.9691, compared to 21.2350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2659 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.8814 NAD (High: 22.2131 / Low: 20.3317). On the other end, March was the most stable month, with a tight range of 0.6333 NAD (High: 19.9856 / Low: 19.3523).
Growth Streaks & Declines
TrendsBetween January and May, 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 0.4380 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 21.4493) against the same month in 2022 (average: 17.4419), the exchange rate shifted by +4.0074 (+22.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18.8708 | 18.0419 | 18.4851 |
| February | 19.6964 | 18.3713 | 19.2942 |
| March | 19.9856 | 19.3523 | 19.7546 |
| April | 20.7067 | 19.3193 | 20.2237 |
| May | 21.7520 | 20.5111 | 21.2476 |
| June | 21.7754 | 20.3025 | 20.8096 |
| July | 21.3913 | 20.2608 | 20.8678 |
| August | 22.5833 | 20.8334 | 21.4493 |
| September | 21.6108 | 20.5556 | 21.1066 |
| October | 22.5263 | 20.6659 | 21.3135 |
| November | 22.2131 | 20.3317 | 21.0410 |
| December | 22.0176 | 20.9944 | 21.6320 |