YEARLY HIGH
152.5307 CDF
YEARLY LOW
105.7394 CDF
YEARLY AVERAGE
126.1447 CDF

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.

Transfer Payout Power Comparison

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

Yearly Peak High 762,653 CDF
2022 Average 621,554 CDF
Yearly Trough Low 528,697 CDF
Transaction Impact: A difference of 233,956.35 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

149.0051
109.8884
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 117.2868
H2 Avg (Jul–Dec) 135.0027

Volatility Range Comparison

Volatility

The 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).

November Spread (Volatile) ±18.4294
September Spread (Stable) ±3.4416

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 January and February, when the average rate fell by 4.5467 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -4.5467

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2023 Avg (December) 145.7454
2022 Avg (December) 118.6473

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