2023 CNY to IDR Historical Review

YEARLY HIGH

2301.5873 IDR

YEARLY LOW

2067.3101 IDR

YEARLY AVERAGE

2155.7585 IDR

2023 CNY to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 2301.5873. Conversely, the yearly low was recorded on July 2, dropping to 2067.3101.

This high-to-low spread represents a total annual volatility of 234.2772 IDR. From a start-to-finish perspective, comparing the January average rate of 2244.2994 to the December average rate of 2175.0724, the exchange rate registered a net change of -3.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2301.5873 was up 0.69% compared to the 2022 peak of 2285.9158, 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 57,539,683 IDR

2022 Average 55,201,585 IDR

Yearly Trough Low 51,682,754 IDR

Transaction Impact: A difference of 5,856,928.82 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2259.8050

2073.7369

JanuMarcMayJulySeptNove

CNY to IDR 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 2175.4787, compared to 2136.0384 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 39.4403 points.

H1 Avg (Jan–Jun) 2175.4787

H2 Avg (Jul–Dec) 2136.0384

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 99.3438 IDR (High: 2301.5873 / Low: 2202.2435). On the other end, May was the most stable month, with a tight range of 27.1952 IDR (High: 2135.1479 / Low: 2107.9527).

January Spread (Volatile) ±99.3438

May Spread (Stable) ±27.1952

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 59.8374 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -59.8374

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2244.2994) against the same month in 2022 (average: 2255.1774), the exchange rate shifted by -10.8780 (-0.48%).

2023 Avg (January) 2244.2994

2022 Avg (January) 2255.1774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2301.5873	2202.2435	2244.2994
February	2237.9509	2190.9339	2216.0472
March	2251.8724	2179.2234	2219.3407
April	2182.9782	2122.0932	2159.5033
May	2135.1479	2107.9527	2124.4389
June	2115.8155	2069.6280	2089.2426
July	2126.6534	2067.3101	2095.4986
August	2130.9171	2088.0103	2108.7450
September	2131.0421	2094.6820	2108.2895
October	2220.0599	2137.9421	2166.4439
November	2203.3456	2131.3192	2162.1809
December	2193.3023	2141.4829	2175.0724