2023 INR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 INR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the INR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 33.5936. Conversely, the yearly low was recorded on January 7, dropping to 24.6373.
This high-to-low spread represents a total annual volatility of 8.9563 CDF. From a start-to-finish perspective, comparing the January average rate of 25.0698 to the December average rate of 32.7058, the exchange rate registered a net change of 30.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 33.5936 was up 23.62% compared to the 2022 peak of 27.1758, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 INR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
INR 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 25.9793, compared to 30.5578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5786 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 3.4228 CDF (High: 28.2808 / Low: 24.8580). On the other end, March was the most stable month, with a tight range of 0.4832 CDF (High: 25.3452 / Low: 24.8620).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1480 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 32.7058) against the same month in 2022 (average: 24.8129), the exchange rate shifted by +7.8929 (+31.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.4666 | 24.6373 | 25.0698 |
| February | 25.2060 | 24.6583 | 24.9606 |
| March | 25.3452 | 24.8620 | 25.1459 |
| April | 26.7180 | 24.8964 | 25.3965 |
| May | 28.2808 | 24.8580 | 26.5797 |
| June | 29.3558 | 28.1605 | 28.7232 |
| July | 31.1068 | 29.3557 | 30.0404 |
| August | 30.1449 | 29.4623 | 29.8925 |
| September | 30.0640 | 29.5264 | 29.9080 |
| October | 31.1389 | 29.7190 | 30.2584 |
| November | 32.6662 | 29.5897 | 30.5418 |
| December | 33.5936 | 32.0718 | 32.7058 |