2023 CNY to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 194.3136. Conversely, the yearly low was recorded on July 19, dropping to 175.1889.
This high-to-low spread represents a total annual volatility of 19.1247 KRW. From a start-to-finish perspective, comparing the January average rate of 182.9521 to the December average rate of 182.8252, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 194.3136 was down 3.99% compared to the 2022 peak of 202.3932, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CNY to KRW 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 187.0493, compared to 182.3917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.6575 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 9.3732 KRW (High: 190.6712 / Low: 181.2980). On the other end, March was the most stable month, with a tight range of 3.7397 KRW (High: 191.2253 / Low: 187.4856).
Growth Streaks & Declines
TrendsBetween January and April, 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 8.9539 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 190.0407) against the same month in 2022 (average: 189.1476), the exchange rate shifted by +0.8931 (+0.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 185.1751 | 181.3162 | 182.9521 |
| February | 190.6712 | 181.2980 | 186.9817 |
| March | 191.2253 | 187.4856 | 189.3423 |
| April | 193.5981 | 189.5244 | 191.8921 |
| May | 194.3136 | 185.9009 | 190.0407 |
| June | 185.0976 | 176.9020 | 181.0868 |
| July | 181.5011 | 175.1889 | 178.8026 |
| August | 186.0364 | 179.6447 | 182.8261 |
| September | 185.4802 | 181.2617 | 182.9074 |
| October | 189.1842 | 183.4143 | 185.6286 |
| November | 185.7831 | 178.5204 | 181.3606 |
| December | 184.7092 | 180.2733 | 182.8252 |