2023 KRW to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KRW to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KRW to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2.1584. Conversely, the yearly low was recorded on May 12, dropping to 1.5232.
This high-to-low spread represents a total annual volatility of 0.6352 CDF. From a start-to-finish perspective, comparing the January average rate of 1.6491 to the December average rate of 2.0921, the exchange rate registered a net change of 26.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2.1584 was up 27.75% compared to the 2022 peak of 1.6896, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000,000 KRW based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KRW 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 1.6485, compared to 1.9264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2779 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.2413 CDF (High: 2.0983 / Low: 1.8569). On the other end, September was the most stable month, with a tight range of 0.0448 CDF (High: 1.8819 / Low: 1.8371).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.0508 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2.0921) against the same month in 2022 (average: 1.5809), the exchange rate shifted by +0.5112 (+32.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6835 | 1.5960 | 1.6491 |
| February | 1.6812 | 1.5554 | 1.6123 |
| March | 1.6186 | 1.5596 | 1.5846 |
| April | 1.6325 | 1.5386 | 1.5748 |
| May | 1.7644 | 1.5232 | 1.6483 |
| June | 1.8700 | 1.7717 | 1.8220 |
| July | 1.9993 | 1.8309 | 1.9218 |
| August | 1.9241 | 1.8281 | 1.8710 |
| September | 1.8819 | 1.8371 | 1.8621 |
| October | 1.9164 | 1.8242 | 1.8650 |
| November | 2.0983 | 1.8569 | 1.9466 |
| December | 2.1584 | 2.0337 | 2.0921 |