2023 KES to CDF Historical Review

YEARLY HIGH

18.0502 CDF

YEARLY LOW

14.9161 CDF

YEARLY AVERAGE

16.6749 CDF

2023 KES to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 18.0502. Conversely, the yearly low was recorded on May 15, dropping to 14.9161.

This high-to-low spread represents a total annual volatility of 3.1341 CDF. From a start-to-finish perspective, comparing the January average rate of 16.5285 to the December average rate of 17.6272, the exchange rate registered a net change of 6.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.0502 was up 1.72% compared to the 2022 peak of 17.7455, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 KES based on timing:

Yearly Peak High 90,251 CDF

2022 Average 85,665 CDF

Yearly Trough Low 74,581 CDF

Transaction Impact: A difference of 15,670.44 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.8411

15.2749

JanuMarcMayJulySeptNove

KES 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 16.2085, compared to 17.1414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9329 points.

H1 Avg (Jan–Jun) 16.2085

H2 Avg (Jul–Dec) 17.1414

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.9622 CDF (High: 16.8783 / Low: 14.9161). On the other end, January was the most stable month, with a tight range of 0.3278 CDF (High: 16.6614 / Low: 16.3336).

May Spread (Volatile) ±1.9622

January Spread (Stable) ±0.3278

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.4731 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4731

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 17.6272) against the same month in 2022 (average: 16.6258), the exchange rate shifted by +1.0014 (+6.02%).

2023 Avg (December) 17.6272

2022 Avg (December) 16.6258

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.6614	16.3336	16.5285
February	16.6333	16.1151	16.4163
March	16.2139	15.4415	15.9618
April	16.0813	15.2192	15.4887
May	16.8783	14.9161	15.9466
June	17.1505	16.7139	16.9091
July	17.9274	17.1408	17.4606
August	17.4474	16.9903	17.2265
September	17.1325	16.7024	16.9231
October	17.2591	16.5516	16.8715
November	17.8237	16.1671	16.7393
December	18.0502	17.2612	17.6272