2023 EUR to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EUR to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EUR to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 34.9606. Conversely, the yearly low was recorded on February 23, dropping to 32.1981.
This high-to-low spread represents a total annual volatility of 2.7625 TWD. From a start-to-finish perspective, comparing the January average rate of 32.7844 to the December average rate of 34.0935, the exchange rate registered a net change of 3.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 34.9606 was up 6.29% compared to the 2022 peak of 32.8903, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EUR 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 33.0539, compared to 34.3518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2978 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 1.5114 TWD (High: 34.2968 / Low: 32.7854). On the other end, December was the most stable month, with a tight range of 0.5129 TWD (High: 34.3486 / Low: 33.8357).
Growth Streaks & Declines
TrendsBetween May and August, 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 August and September, when the average rate fell by 0.5164 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 34.7132) against the same month in 2022 (average: 30.4444), the exchange rate shifted by +4.2688 (+14.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 33.0483 | 32.3218 | 32.7844 |
| February | 32.7288 | 32.1981 | 32.3987 |
| March | 33.2389 | 32.3950 | 32.7364 |
| April | 34.2290 | 32.9970 | 33.5823 |
| May | 34.2968 | 32.7854 | 33.4052 |
| June | 34.0170 | 32.8008 | 33.4168 |
| July | 34.8862 | 33.8308 | 34.4884 |
| August | 34.9606 | 34.3572 | 34.7132 |
| September | 34.3982 | 33.8699 | 34.1967 |
| October | 34.4703 | 33.8447 | 34.1095 |
| November | 34.9093 | 34.1936 | 34.5092 |
| December | 34.3486 | 33.8357 | 34.0935 |