2023 NPR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NPR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NPR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 20.9739. Conversely, the yearly low was recorded on January 7, dropping to 15.3222.
This high-to-low spread represents a total annual volatility of 5.6516 CDF. From a start-to-finish perspective, comparing the January average rate of 15.6499 to the December average rate of 20.4222, the exchange rate registered a net change of 30.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 20.9739 was up 23.60% compared to the 2022 peak of 16.9690, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NPR 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 16.2388, compared to 19.1071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8683 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.1484 CDF (High: 17.6680 / Low: 15.5196). On the other end, February was the most stable month, with a tight range of 0.3156 CDF (High: 15.7549 / Low: 15.4393).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1067 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 20.4222) against the same month in 2022 (average: 15.5060), the exchange rate shifted by +4.9162 (+31.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.8830 | 15.3222 | 15.6499 |
| February | 15.7549 | 15.4393 | 15.6075 |
| March | 15.8890 | 15.4519 | 15.7221 |
| April | 16.7951 | 15.5324 | 15.8844 |
| May | 17.6680 | 15.5196 | 16.6203 |
| June | 18.3645 | 17.5932 | 17.9489 |
| July | 19.4264 | 18.3642 | 18.7963 |
| August | 18.8412 | 18.4233 | 18.6896 |
| September | 18.8307 | 18.4634 | 18.7012 |
| October | 19.5487 | 18.6039 | 18.9287 |
| November | 20.4059 | 18.4524 | 19.1049 |
| December | 20.9739 | 20.0287 | 20.4222 |