2023 CNY to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CNY to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CNY to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 4.5307. Conversely, the yearly low was recorded on June 13, dropping to 4.2774.
This high-to-low spread represents a total annual volatility of 0.2532 TWD. From a start-to-finish perspective, comparing the January average rate of 4.4749 to the December average rate of 4.3849, the exchange rate registered a net change of -2.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 4.5307 was down 1.31% compared to the 2022 peak of 4.5906, 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 TWD 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 4.4116, compared to 4.3959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0156 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.1432 TWD (High: 4.4545 / Low: 4.3113). On the other end, April was the most stable month, with a tight range of 0.0314 TWD (High: 4.4502 / Low: 4.4188).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0866 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 4.4379) against the same month in 2022 (average: 4.4435), the exchange rate shifted by -0.0056 (-0.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.5196 | 4.4345 | 4.4749 |
| February | 4.4423 | 4.3978 | 4.4236 |
| March | 4.4661 | 4.4128 | 4.4326 |
| April | 4.4502 | 4.4188 | 4.4374 |
| May | 4.4545 | 4.3113 | 4.3937 |
| June | 4.3308 | 4.2774 | 4.3071 |
| July | 4.4256 | 4.2955 | 4.3398 |
| August | 4.4385 | 4.3656 | 4.3950 |
| September | 4.4322 | 4.3665 | 4.3912 |
| October | 4.5307 | 4.3911 | 4.4379 |
| November | 4.4997 | 4.3918 | 4.4267 |
| December | 4.4359 | 4.3209 | 4.3849 |