2023 NAD to CAD Historical Review

YEARLY HIGH

0.0804 CAD

YEARLY LOW

0.0679 CAD

YEARLY AVERAGE

0.0731 CAD

2023 NAD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0804. Conversely, the yearly low was recorded on August 14, dropping to 0.0679.

This high-to-low spread represents a total annual volatility of 0.0126 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0786 to the December average rate of 0.0718, the exchange rate registered a net change of -8.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0804 was down 7.29% compared to the 2022 peak of 0.0868, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 402 CAD

2022 Average 400 CAD

Yearly Trough Low 339 CAD

Transaction Impact: A difference of 62.83 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0793

0.0702

JanuMarcMayJulySeptNove

NAD to CAD 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 0.0742, compared to 0.0720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0742

H2 Avg (Jul–Dec) 0.0720

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0063 CAD (High: 0.0752 / Low: 0.0689). On the other end, March was the most stable month, with a tight range of 0.0020 CAD (High: 0.0760 / Low: 0.0740).

November Spread (Volatile) ±0.0063

March Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0786) against the same month in 2022 (average: 0.0815), the exchange rate shifted by -0.0029 (-3.55%).

2023 Avg (January) 0.0786

2022 Avg (January) 0.0815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0804	0.0773	0.0786
February	0.0788	0.0737	0.0753
March	0.0760	0.0740	0.0750
April	0.0762	0.0725	0.0744
May	0.0746	0.0688	0.0709
June	0.0726	0.0682	0.0710
July	0.0752	0.0704	0.0725
August	0.0734	0.0679	0.0716
September	0.0727	0.0704	0.0714
October	0.0737	0.0683	0.0712
November	0.0752	0.0689	0.0731
December	0.0733	0.0702	0.0718