2023 NAD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NAD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 152.5307. Conversely, the yearly low was recorded on May 14, dropping to 105.7394.
This high-to-low spread represents a total annual volatility of 46.7913 CDF. From a start-to-finish perspective, comparing the January average rate of 119.9597 to the December average rate of 145.7454, the exchange rate registered a net change of 21.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 152.5307 was up 10.25% compared to the 2022 peak of 138.3505, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NAD 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 117.2868, compared to 135.0027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.7159 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 18.4294 CDF (High: 145.5284 / Low: 127.0990). On the other end, September was the most stable month, with a tight range of 3.4416 CDF (High: 132.6649 / Low: 129.2234).
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 4.5467 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 145.7454) against the same month in 2022 (average: 118.6473), the exchange rate shifted by +27.0981 (+22.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 122.5964 | 118.2614 | 119.9597 |
| February | 120.8000 | 111.0809 | 115.4130 |
| March | 115.0244 | 111.0932 | 113.1482 |
| April | 119.2585 | 111.7012 | 114.5036 |
| May | 121.2496 | 105.7394 | 114.6106 |
| June | 130.6381 | 117.9818 | 126.0857 |
| July | 144.4759 | 128.3280 | 135.4195 |
| August | 135.9150 | 124.3663 | 131.4287 |
| September | 132.6649 | 129.2234 | 130.9093 |
| October | 135.5350 | 126.7183 | 130.8182 |
| November | 145.5284 | 127.0990 | 135.6949 |
| December | 152.5307 | 139.6019 | 145.7454 |