2023 MYR to CDF Historical Review

YEARLY HIGH

599.8705 CDF

YEARLY LOW

454.6971 CDF

YEARLY AVERAGE

511.3391 CDF

2023 MYR to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 599.8705. Conversely, the yearly low was recorded on May 15, dropping to 454.6971.

This high-to-low spread represents a total annual volatility of 145.1734 CDF. From a start-to-finish perspective, comparing the January average rate of 473.4158 to the December average rate of 584.5677, the exchange rate registered a net change of 23.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 599.8705 was up 24.42% compared to the 2022 peak of 482.1151, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 11,997,410 CDF

2022 Average 9,192,086 CDF

Yearly Trough Low 9,093,941 CDF

Transaction Impact: A difference of 2,903,468.86 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

596.7578

450.4766

JanuMarcMayJulySeptNove

MYR 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 478.8439, compared to 543.8342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 64.9904 points.

H1 Avg (Jan–Jun) 478.8439

H2 Avg (Jul–Dec) 543.8342

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 64.3736 CDF (High: 584.5381 / Low: 520.1645). On the other end, September was the most stable month, with a tight range of 12.0326 CDF (High: 535.5283 / Low: 523.4957).

November Spread (Volatile) ±64.3736

September Spread (Stable) ±12.0326

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 9.9205 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -9.9205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 584.5677) against the same month in 2022 (average: 463.6068), the exchange rate shifted by +120.9610 (+26.09%).

2023 Avg (December) 584.5677

2022 Avg (December) 463.6068

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	487.9305	460.3157	473.4158
February	486.0613	459.6737	472.5872
March	471.3773	456.4447	462.6667
April	490.1617	461.2438	470.3568
May	509.7701	454.6971	484.1630
June	516.3364	504.2475	509.8736
July	560.5012	516.3364	537.7260
August	548.6473	526.5986	537.1988
September	535.5283	523.4957	530.6410
October	543.5806	522.6880	530.6633
November	584.5381	520.1645	542.2086
December	599.8705	570.3585	584.5677