2023 INR to CNY Historical Review

YEARLY HIGH

0.0884 CNY

YEARLY LOW

0.0821 CNY

YEARLY AVERAGE

0.0857 CNY

2023 INR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.0884. Conversely, the yearly low was recorded on February 2, dropping to 0.0821.

This high-to-low spread represents a total annual volatility of 0.0064 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0831 to the December average rate of 0.0855, the exchange rate registered a net change of 2.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0884 was down 0.98% compared to the 2022 peak of 0.0893, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 22,105 CNY

2022 Average 21,401 CNY

Yearly Trough Low 20,514 CNY

Transaction Impact: A difference of 1,591.11 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0883

0.0823

JanuMarcMayJulySeptNove

INR to CNY 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 0.0843, compared to 0.0870 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0843

H2 Avg (Jul–Dec) 0.0870

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0031 CNY (High: 0.0879 / Low: 0.0848). On the other end, April was the most stable month, with a tight range of 0.0011 CNY (High: 0.0847 / Low: 0.0836).

November Spread (Volatile) ±0.0031

April Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0010 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0878) against the same month in 2022 (average: 0.0874), the exchange rate shifted by +0.0005 (+0.52%).

2023 Avg (September) 0.0878

2022 Avg (September) 0.0874

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0838	0.0824	0.0831
February	0.0840	0.0821	0.0828
March	0.0849	0.0829	0.0838
April	0.0847	0.0836	0.0840
May	0.0860	0.0843	0.0849
June	0.0884	0.0860	0.0871
July	0.0884	0.0864	0.0874
August	0.0883	0.0864	0.0874
September	0.0884	0.0872	0.0878
October	0.0881	0.0859	0.0874
November	0.0879	0.0848	0.0865
December	0.0861	0.0849	0.0855