2023 HUF to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HUF to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HUF to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 8.0384. Conversely, the yearly low was recorded on January 3, dropping to 5.3803.
This high-to-low spread represents a total annual volatility of 2.6581 CDF. From a start-to-finish perspective, comparing the January average rate of 5.5987 to the December average rate of 7.7891, the exchange rate registered a net change of 39.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.0384 was up 23.67% compared to the 2022 peak of 6.5000, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HUF 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 6.0758, compared to 7.1707 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0949 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.9144 CDF (High: 7.7998 / Low: 6.8854). On the other end, June was the most stable month, with a tight range of 0.3108 CDF (High: 7.0543 / Low: 6.7436).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1837 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 7.7891) against the same month in 2022 (average: 5.3233), the exchange rate shifted by +2.4658 (+46.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.7943 | 5.3803 | 5.5987 |
| February | 5.9112 | 5.5994 | 5.7396 |
| March | 5.9271 | 5.5122 | 5.7517 |
| April | 6.4511 | 5.8424 | 6.0770 |
| May | 6.7561 | 5.9884 | 6.3823 |
| June | 7.0543 | 6.7436 | 6.9053 |
| July | 7.4750 | 6.9211 | 7.1995 |
| August | 7.1482 | 6.7940 | 7.0158 |
| September | 7.0111 | 6.6637 | 6.8594 |
| October | 7.1525 | 6.6642 | 6.9014 |
| November | 7.7998 | 6.8854 | 7.2590 |
| December | 8.0384 | 7.5125 | 7.7891 |