2023 CRC to XOF Historical Review

YEARLY HIGH

1.1749 XOF

YEARLY LOW

1.0355 XOF

YEARLY AVERAGE

1.1199 XOF

2023 CRC to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 1.1749. Conversely, the yearly low was recorded on January 1, dropping to 1.0355.

This high-to-low spread represents a total annual volatility of 0.1394 XOF. From a start-to-finish perspective, comparing the January average rate of 1.0584 to the December average rate of 1.1435, the exchange rate registered a net change of 8.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1749 was up 7.41% compared to the 2022 peak of 1.0938, 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 5,874 XOF

2022 Average 4,844 XOF

Yearly Trough Low 5,177 XOF

Transaction Impact: A difference of 697.07 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1781

1.0475

JanuMarcMayJulySeptNove

CRC to XOF 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 1.1037, compared to 1.1360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0323 points.

H1 Avg (Jan–Jun) 1.1037

H2 Avg (Jul–Dec) 1.1360

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0628 XOF (High: 1.1395 / Low: 1.0767). On the other end, December was the most stable month, with a tight range of 0.0213 XOF (High: 1.1554 / Low: 1.1341).

May Spread (Volatile) ±0.0628

December Spread (Stable) ±0.0213

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0244 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.1672) against the same month in 2022 (average: 1.0695), the exchange rate shifted by +0.0978 (+9.14%).

2023 Avg (October) 1.1672

2022 Avg (October) 1.0695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0935	1.0355	1.0584
February	1.1110	1.0499	1.0849
March	1.1471	1.1012	1.1222
April	1.1254	1.1007	1.1146
May	1.1395	1.0767	1.1220
June	1.1413	1.1045	1.1204
July	1.1156	1.0723	1.0983
August	1.1345	1.0934	1.1172
September	1.1618	1.1276	1.1471
October	1.1749	1.1536	1.1672
November	1.1676	1.1260	1.1429
December	1.1554	1.1341	1.1435