2023 CNY to AFN Historical Review

YEARLY HIGH

13.3894 AFN

YEARLY LOW

9.5304 AFN

YEARLY AVERAGE

11.7210 AFN

2023 CNY to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 13.3894. Conversely, the yearly low was recorded on November 18, dropping to 9.5304.

This high-to-low spread represents a total annual volatility of 3.8590 AFN. From a start-to-finish perspective, comparing the January average rate of 13.0843 to the December average rate of 9.8270, the exchange rate registered a net change of -24.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.3894 was down 19.32% compared to the 2022 peak of 16.5956, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 334,736 AFN

2022 Average 335,421 AFN

Yearly Trough Low 238,261 AFN

Transaction Impact: A difference of 96,474.86 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.4293

9.4996

JanuMarcMayJulySeptNove

CNY to AFN 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 12.6862, compared to 10.7557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9305 points.

H1 Avg (Jan–Jun) 12.6862

H2 Avg (Jul–Dec) 10.7557

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.1977 AFN (High: 11.2191 / Low: 10.0215). On the other end, December was the most stable month, with a tight range of 0.3399 AFN (High: 9.9974 / Low: 9.6575).

September Spread (Volatile) ±1.1977

December Spread (Stable) ±0.3399

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.9727 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.9727

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 13.1018) against the same month in 2022 (average: 14.7067), the exchange rate shifted by -1.6049 (-10.91%).

2023 Avg (February) 13.1018

2022 Avg (February) 14.7067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3862	12.7029	13.0843
February	13.3894	12.6393	13.1018
March	12.9571	12.4220	12.7106
April	13.3072	12.3820	12.5801
May	12.7858	12.2861	12.5196
June	12.3519	11.7668	12.1207
July	12.2591	11.8209	12.0537
August	12.0746	11.1887	11.6624
September	11.2191	10.0215	10.6898
October	10.9044	10.0259	10.3841
November	10.2894	9.5304	9.9173
December	9.9974	9.6575	9.8270