2023 SAR to CNY Historical Review

YEARLY HIGH

1.9577 CNY

YEARLY LOW

1.7846 CNY

YEARLY AVERAGE

1.8853 CNY

2023 SAR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 1.9577. Conversely, the yearly low was recorded on January 14, dropping to 1.7846.

This high-to-low spread represents a total annual volatility of 0.1731 CNY. From a start-to-finish perspective, comparing the January average rate of 1.8081 to the December average rate of 1.8977, the exchange rate registered a net change of 4.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9577 was up 0.73% compared to the 2022 peak of 1.9436, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,789 CNY

2022 Average 8,962 CNY

Yearly Trough Low 8,923 CNY

Transaction Impact: A difference of 865.61 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9581

1.7945

JanuMarcMayJulySeptNove

SAR to CNY 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 1.8458, compared to 1.9249 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0790 points.

H1 Avg (Jan–Jun) 1.8458

H2 Avg (Jul–Dec) 1.9249

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0644 CNY (High: 1.9504 / Low: 1.8860). On the other end, April was the most stable month, with a tight range of 0.0181 CNY (High: 1.8483 / Low: 1.8302).

November Spread (Volatile) ±0.0644

April Spread (Stable) ±0.0181

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0236 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0236

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 1.9444) against the same month in 2022 (average: 1.8643), the exchange rate shifted by +0.0801 (+4.30%).

2023 Avg (September) 1.9444

2022 Avg (September) 1.8643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8393	1.7846	1.8081
February	1.8553	1.7941	1.8243
March	1.8554	1.8155	1.8357
April	1.8483	1.8302	1.8359
May	1.8961	1.8417	1.8634
June	1.9339	1.8888	1.9076
July	1.9339	1.8939	1.9161
August	1.9460	1.9035	1.9300
September	1.9577	1.9309	1.9444
October	1.9515	1.9109	1.9395
November	1.9504	1.8860	1.9213
December	1.9136	1.8824	1.8977