2023 HNL to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HNL to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HNL to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 113.0289. Conversely, the yearly low was recorded on January 7, dropping to 82.1646.
This high-to-low spread represents a total annual volatility of 30.8643 CDF. From a start-to-finish perspective, comparing the January average rate of 83.0598 to the December average rate of 110.1669, the exchange rate registered a net change of 32.64% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 113.0289 was up 35.25% compared to the 2022 peak of 83.5676, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HNL to CDF 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 86.6412, compared to 102.7154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.0742 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 12.0124 CDF (High: 94.7035 / Low: 82.6911). On the other end, March was the most stable month, with a tight range of 1.6212 CDF (High: 84.5455 / Low: 82.9243).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3196 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 110.1669) against the same month in 2022 (average: 82.8310), the exchange rate shifted by +27.3359 (+33.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.9232 | 82.1646 | 83.0598 |
| February | 84.3826 | 82.1863 | 83.6658 |
| March | 84.5455 | 82.9243 | 83.9572 |
| April | 89.1556 | 82.9684 | 84.6575 |
| May | 94.7035 | 82.6911 | 88.8673 |
| June | 97.4919 | 93.9584 | 95.6396 |
| July | 103.5113 | 97.4919 | 100.2593 |
| August | 101.0613 | 98.9858 | 100.5834 |
| September | 100.9053 | 99.0757 | 100.2638 |
| October | 105.4337 | 99.6025 | 101.9510 |
| November | 110.3000 | 100.3894 | 103.0681 |
| December | 113.0289 | 107.7203 | 110.1669 |