2023 KRW to CNY Historical Review

YEARLY HIGH

0.0057 CNY

YEARLY LOW

0.0051 CNY

YEARLY AVERAGE

0.0054 CNY

2023 KRW to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.0057. Conversely, the yearly low was recorded on May 1, dropping to 0.0051.

This high-to-low spread represents a total annual volatility of 0.0006 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0055, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0057 was up 3.33% compared to the 2022 peak of 0.0055, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28,541 CNY

2022 Average 26,074 CNY

Yearly Trough Low 25,732 CNY

Transaction Impact: A difference of 2,809.02 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0056

0.0052

JanuMarcMayJulySeptNove

KRW to CNY 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 0.0053, compared to 0.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0053

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0003 CNY (High: 0.0055 / Low: 0.0052). On the other end, March was the most stable month, with a tight range of 0.0001 CNY (High: 0.0053 / Low: 0.0052).

February Spread (Volatile) ±0.0003

March Spread (Stable) ±0.0001

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 July and August, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0056) against the same month in 2022 (average: 0.0052), the exchange rate shifted by +0.0004 (+8.51%).

2023 Avg (July) 0.0056

2022 Avg (July) 0.0052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0055	0.0054	0.0055
February	0.0055	0.0052	0.0053
March	0.0053	0.0052	0.0053
April	0.0053	0.0052	0.0052
May	0.0054	0.0051	0.0053
June	0.0057	0.0054	0.0055
July	0.0057	0.0055	0.0056
August	0.0056	0.0054	0.0055
September	0.0055	0.0054	0.0055
October	0.0055	0.0053	0.0054
November	0.0056	0.0054	0.0055
December	0.0055	0.0054	0.0055