2023 CNY to NPR Historical Review

YEARLY HIGH

19.5243 NPR

YEARLY LOW

17.9775 NPR

YEARLY AVERAGE

18.6838 NPR

2023 CNY to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 19.5243. Conversely, the yearly low was recorded on July 2, dropping to 17.9775.

This high-to-low spread represents a total annual volatility of 1.5467 NPR. From a start-to-finish perspective, comparing the January average rate of 19.2767 to the December average rate of 18.7283, the exchange rate registered a net change of -2.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.5243 was up 0.34% compared to the 2022 peak of 19.4582, 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 488,107 NPR

2022 Average 467,267 NPR

Yearly Trough Low 449,439 NPR

Transaction Impact: A difference of 38,668.26 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.4205

18.1016

JanuMarcMayJulySeptNove

CNY to NPR 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 18.9865, compared to 18.3810 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6055 points.

H1 Avg (Jan–Jun) 18.9865

H2 Avg (Jul–Dec) 18.3810

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.6609 NPR (High: 18.8377 / Low: 18.1768). On the other end, September was the most stable month, with a tight range of 0.2317 NPR (High: 18.3132 / Low: 18.0816).

November Spread (Volatile) ±0.6609

September Spread (Stable) ±0.2317

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 0.4578 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4578

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 19.3106) against the same month in 2022 (average: 18.9030), the exchange rate shifted by +0.4076 (+2.16%).

2023 Avg (February) 19.3106

2022 Avg (February) 18.9030

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.4567	19.1387	19.2767
February	19.5243	19.0235	19.3106
March	19.2670	18.7414	19.0837
April	19.1507	18.6865	19.0269
May	18.9998	18.5998	18.8395
June	18.6511	18.0812	18.3818
July	18.5365	17.9775	18.2788
August	18.4797	18.1371	18.3015
September	18.3132	18.0816	18.2115
October	18.5638	18.1447	18.2889
November	18.8377	18.1768	18.4772
December	18.8577	18.5835	18.7283