2023 INR to DJF Historical Review

YEARLY HIGH

2.1961 DJF

YEARLY LOW

2.1235 DJF

YEARLY AVERAGE

2.1538 DJF

2023 INR to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 2.1961. Conversely, the yearly low was recorded on November 4, dropping to 2.1235.

This high-to-low spread represents a total annual volatility of 0.0726 DJF. From a start-to-finish perspective, comparing the January average rate of 2.1750 to the December average rate of 2.1395, the exchange rate registered a net change of -1.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1961 was down 8.93% compared to the 2022 peak of 2.4114, 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 549,028 DJF

2022 Average 566,867 DJF

Yearly Trough Low 530,884 DJF

Transaction Impact: A difference of 18,143.69 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1792

2.1292

JanuMarcMayJulySeptNove

INR to DJF 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 2.1638, compared to 2.1438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0201 points.

H1 Avg (Jan–Jun) 2.1638

H2 Avg (Jul–Dec) 2.1438

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0510 DJF (High: 2.1818 / Low: 2.1308). On the other end, November was the most stable month, with a tight range of 0.0188 DJF (High: 2.1423 / Low: 2.1235).

February Spread (Volatile) ±0.0510

November Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0210 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1750) against the same month in 2022 (average: 2.3888), the exchange rate shifted by -0.2138 (-8.95%).

2023 Avg (January) 2.1750

2022 Avg (January) 2.3888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1961	2.1474	2.1750
February	2.1818	2.1308	2.1540
March	2.1768	2.1271	2.1602
April	2.1781	2.1494	2.1675
May	2.1758	2.1457	2.1605
June	2.1793	2.1541	2.1658
July	2.1716	2.1376	2.1616
August	2.1636	2.1356	2.1476
September	2.1540	2.1350	2.1436
October	2.1491	2.1297	2.1371
November	2.1423	2.1235	2.1334
December	2.1556	2.1321	2.1395