2023 JPY to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JPY to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JPY to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 19.6568. Conversely, the yearly low was recorded on February 24, dropping to 14.9844.
This high-to-low spread represents a total annual volatility of 4.6724 CDF. From a start-to-finish perspective, comparing the January average rate of 15.7402 to the December average rate of 18.9543, the exchange rate registered a net change of 20.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.6568 was up 10.91% compared to the 2022 peak of 17.7229, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JPY 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 15.8224, compared to 17.3621 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5397 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.0825 CDF (High: 18.3973 / Low: 16.3148). On the other end, September was the most stable month, with a tight range of 0.3316 CDF (High: 16.9704 / Low: 16.6388).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.3929 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 18.9543) against the same month in 2022 (average: 15.1799), the exchange rate shifted by +3.7743 (+24.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.0683 | 15.3200 | 15.7402 |
| February | 15.9970 | 14.9844 | 15.4881 |
| March | 15.9610 | 15.0319 | 15.4845 |
| April | 16.3687 | 15.2573 | 15.5828 |
| May | 16.8037 | 15.0332 | 15.9375 |
| June | 17.0008 | 16.4692 | 16.7011 |
| July | 18.1658 | 16.6900 | 17.4954 |
| August | 17.5071 | 16.8483 | 17.1025 |
| September | 16.9704 | 16.6388 | 16.8042 |
| October | 17.3546 | 16.5307 | 16.8380 |
| November | 18.3973 | 16.3148 | 16.9783 |
| December | 19.6568 | 18.1862 | 18.9543 |