2023 CNY to JPY Historical Review

YEARLY HIGH

21.0927 JPY

YEARLY LOW

18.9382 JPY

YEARLY AVERAGE

19.8534 JPY

2023 CNY to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 21.0927. Conversely, the yearly low was recorded on January 17, dropping to 18.9382.

This high-to-low spread represents a total annual volatility of 2.1544 JPY. From a start-to-finish perspective, comparing the January average rate of 19.1672 to the December average rate of 20.1832, the exchange rate registered a net change of 5.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.0927 was up 1.11% compared to the 2022 peak of 20.8604, 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 527,317 JPY

2022 Average 487,600 JPY

Yearly Trough Low 473,456 JPY

Transaction Impact: A difference of 53,860.93 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.9553

19.0046

JanuMarcMayJulySeptNove

CNY to JPY 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 19.4658, compared to 20.2410 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7752 points.

H1 Avg (Jan–Jun) 19.4658

H2 Avg (Jul–Dec) 20.2410

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.9769 JPY (High: 20.7829 / Low: 19.8061). On the other end, September was the most stable month, with a tight range of 0.3748 JPY (High: 20.4786 / Low: 20.1038).

December Spread (Volatile) ±0.9769

September Spread (Stable) ±0.3748

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 November and December, when the average rate fell by 0.6096 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 20.7928) against the same month in 2022 (average: 19.7903), the exchange rate shifted by +1.0025 (+5.07%).

2023 Avg (November) 20.7928

2022 Avg (November) 19.7903

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.4891	18.9382	19.1672
February	19.6658	19.0760	19.4616
March	19.8283	19.0373	19.3811
April	19.7345	19.0330	19.3938
May	19.9422	19.3408	19.6369
June	20.0135	19.5172	19.7540
July	20.0316	19.3022	19.6423
August	20.2896	19.7686	20.0006
September	20.4786	20.1038	20.2679
October	20.8877	20.3436	20.5593
November	21.0927	20.4623	20.7928
December	20.7829	19.8061	20.1832