YEARLY HIGH
0.0072 SAR
YEARLY LOW
0.0064 SAR
YEARLY AVERAGE
0.0069 SAR

2023 CRC to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0072. Conversely, the yearly low was recorded on January 2, dropping to 0.0064.

This high-to-low spread represents a total annual volatility of 0.0009 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0065 to the December average rate of 0.0071, the exchange rate registered a net change of 9.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0072 was up 11.57% compared to the 2022 peak of 0.0065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CRC based on timing:

Yearly Peak High 36 SAR
2022 Average 29 SAR
Yearly Trough Low 32 SAR
Transaction Impact: A difference of 4.32 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0072
0.0065
JanuMarcMayJulySeptNove

CRC 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 0.0068, compared to 0.0070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0068
H2 Avg (Jul–Dec) 0.0070

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0004 SAR (High: 0.0068 / Low: 0.0064). On the other end, November was the most stable month, with a tight range of 0.0001 SAR (High: 0.0071 / Low: 0.0070).

January Spread (Volatile) ±0.0004
November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0071) against the same month in 2022 (average: 0.0064), the exchange rate shifted by +0.0008 (+12.00%).

2023 Avg (December) 0.0071
2022 Avg (December) 0.0064

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0068 0.0064 0.0065
February 0.0068 0.0065 0.0066
March 0.0070 0.0067 0.0069
April 0.0071 0.0069 0.0070
May 0.0070 0.0069 0.0070
June 0.0070 0.0069 0.0069
July 0.0070 0.0068 0.0069
August 0.0070 0.0069 0.0070
September 0.0071 0.0070 0.0070
October 0.0071 0.0070 0.0071
November 0.0071 0.0070 0.0071
December 0.0072 0.0071 0.0071