2023 CNY to SAR Historical Review

YEARLY HIGH

0.5604 SAR

YEARLY LOW

0.5108 SAR

YEARLY AVERAGE

0.5308 SAR

2023 CNY to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.5604. Conversely, the yearly low was recorded on September 9, dropping to 0.5108.

This high-to-low spread represents a total annual volatility of 0.0496 SAR. From a start-to-finish perspective, comparing the January average rate of 0.5531 to the December average rate of 0.5270, the exchange rate registered a net change of -4.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5604 was down 5.76% compared to the 2022 peak of 0.5946, 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 14,009 SAR

2022 Average 13,975 SAR

Yearly Trough Low 12,770 SAR

Transaction Impact: A difference of 1,238.82 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5570

0.5104

JanuMarcMayJulySeptNove

CNY to SAR 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 0.5420, compared to 0.5196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0224 points.

H1 Avg (Jan–Jun) 0.5420

H2 Avg (Jul–Dec) 0.5196

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0184 SAR (High: 0.5574 / Low: 0.5390). On the other end, April was the most stable month, with a tight range of 0.0053 SAR (High: 0.5464 / Low: 0.5410).

February Spread (Volatile) ±0.0184

April Spread (Stable) ±0.0053

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 0.0125 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5531) against the same month in 2022 (average: 0.5905), the exchange rate shifted by -0.0374 (-6.33%).

2023 Avg (January) 0.5531

2022 Avg (January) 0.5905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5604	0.5437	0.5531
February	0.5574	0.5390	0.5482
March	0.5508	0.5390	0.5448
April	0.5464	0.5410	0.5447
May	0.5430	0.5274	0.5367
June	0.5294	0.5171	0.5242
July	0.5280	0.5171	0.5219
August	0.5254	0.5139	0.5182
September	0.5179	0.5108	0.5143
October	0.5233	0.5124	0.5156
November	0.5302	0.5127	0.5205
December	0.5312	0.5226	0.5270