YEARLY HIGH
0.1808 CDF
YEARLY LOW
0.1299 CDF
YEARLY AVERAGE
0.1531 CDF

2023 IDR to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.1808. Conversely, the yearly low was recorded on January 7, dropping to 0.1299.

This high-to-low spread represents a total annual volatility of 0.0509 CDF. From a start-to-finish perspective, comparing the January average rate of 0.1344 to the December average rate of 0.1758, the exchange rate registered a net change of 30.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1808 was up 28.40% compared to the 2022 peak of 0.1408, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 1,808,130 CDF
2022 Average 1,361,066 CDF
Yearly Trough Low 1,298,751 CDF
Transaction Impact: A difference of 509,378.70 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1800
0.1303
JanuMarcMayJulySeptNove

IDR to CDF 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 0.1418, compared to 0.1644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 0.1418
H2 Avg (Jul–Dec) 0.1644

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0187 CDF (High: 0.1750 / Low: 0.1563). On the other end, September was the most stable month, with a tight range of 0.0033 CDF (High: 0.1631 / Low: 0.1597).

November Spread (Volatile) ±0.0187
September Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0018 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1758) against the same month in 2022 (average: 0.1314), the exchange rate shifted by +0.0445 (+33.84%).

2023 Avg (December) 0.1758
2022 Avg (December) 0.1314

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1383 0.1299 0.1344
February 0.1383 0.1340 0.1360
March 0.1381 0.1331 0.1352
April 0.1485 0.1367 0.1400
May 0.1563 0.1378 0.1474
June 0.1602 0.1556 0.1579
July 0.1698 0.1602 0.1640
August 0.1639 0.1599 0.1622
September 0.1631 0.1597 0.1615
October 0.1633 0.1568 0.1598
November 0.1750 0.1563 0.1633
December 0.1808 0.1708 0.1758