2023 CNY to INR Historical Review

YEARLY HIGH

12.1866 INR

YEARLY LOW

11.3094 INR

YEARLY AVERAGE

11.6806 INR

2023 CNY to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 12.1866. Conversely, the yearly low was recorded on September 9, dropping to 11.3094.

This high-to-low spread represents a total annual volatility of 0.8772 INR. From a start-to-finish perspective, comparing the January average rate of 12.0335 to the December average rate of 11.6943, the exchange rate registered a net change of -2.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.1866 was down 0.07% compared to the 2022 peak of 12.1948, 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 304,664 INR

2022 Average 292,135 INR

Yearly Trough Low 282,735 INR

Transaction Impact: A difference of 21,929.22 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.1433

11.3188

JanuMarcMayJulySeptNove

CNY to INR 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 11.8677, compared to 11.4934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3743 points.

H1 Avg (Jan–Jun) 11.8677

H2 Avg (Jul–Dec) 11.4934

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.4092 INR (High: 11.7875 / Low: 11.3783). On the other end, September was the most stable month, with a tight range of 0.1552 INR (High: 11.4646 / Low: 11.3094).

November Spread (Volatile) ±0.4092

September Spread (Stable) ±0.1552

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2936 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2936

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 12.0746) against the same month in 2022 (average: 11.8227), the exchange rate shifted by +0.2519 (+2.13%).

2023 Avg (February) 12.0746

2022 Avg (February) 11.8227

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.1344	11.9365	12.0335
February	12.1866	11.9010	12.0746
March	12.0626	11.7762	11.9316
April	11.9646	11.8045	11.9002
May	11.8641	11.6239	11.7800
June	11.6320	11.3164	11.4865
July	11.5749	11.3178	11.4370
August	11.5802	11.3240	11.4427
September	11.4646	11.3094	11.3875
October	11.6356	11.3504	11.4410
November	11.7875	11.3783	11.5582
December	11.7722	11.6113	11.6943