2023 KGS to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KGS to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KGS to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 31.4192. Conversely, the yearly low was recorded on May 4, dropping to 23.3183.
This high-to-low spread represents a total annual volatility of 8.1009 CDF. From a start-to-finish perspective, comparing the January average rate of 23.9392 to the December average rate of 30.5450, the exchange rate registered a net change of 27.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.4192 was up 22.17% compared to the 2022 peak of 25.7172, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KGS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KGS 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 24.5182, compared to 28.6070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.0887 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 3.3400 CDF (High: 26.6583 / Low: 23.3183). On the other end, March was the most stable month, with a tight range of 0.4793 CDF (High: 23.8721 / Low: 23.3928).
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 January and February, when the average rate fell by 0.2227 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 30.5450) against the same month in 2022 (average: 24.0244), the exchange rate shifted by +6.5206 (+27.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.2988 | 23.6578 | 23.9392 |
| February | 23.9959 | 23.3928 | 23.7165 |
| March | 23.8721 | 23.3928 | 23.6556 |
| April | 24.9617 | 23.3889 | 23.7913 |
| May | 26.6583 | 23.3183 | 25.0192 |
| June | 27.6371 | 26.5634 | 26.9877 |
| July | 29.0260 | 27.6371 | 28.1475 |
| August | 28.3115 | 27.7557 | 28.1141 |
| September | 28.3569 | 27.7063 | 28.0514 |
| October | 29.0808 | 27.7776 | 28.2605 |
| November | 30.5373 | 27.5486 | 28.5232 |
| December | 31.4192 | 29.9326 | 30.5450 |