2023 SAR to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 47.8887. Conversely, the yearly low was recorded on March 18, dropping to 46.7615.
This high-to-low spread represents a total annual volatility of 1.1272 DJF. From a start-to-finish perspective, comparing the January average rate of 47.3209 to the December average rate of 47.4795, the exchange rate registered a net change of 0.34% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 47.8887 was up 0.01% compared to the 2022 peak of 47.8857, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR to DJF 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 47.3846, compared to 47.4211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0365 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.8043 DJF (High: 47.8887 / Low: 47.0844). On the other end, May was the most stable month, with a tight range of 0.2410 DJF (High: 47.5690 / Low: 47.3280).
Growth Streaks & Declines
TrendsBetween March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1298 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 47.4432) against the same month in 2022 (average: 47.4206), the exchange rate shifted by +0.0227 (+0.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 47.4681 | 47.1609 | 47.3209 |
| February | 47.8887 | 47.0844 | 47.4432 |
| March | 47.4512 | 46.7615 | 47.3134 |
| April | 47.5066 | 46.8458 | 47.3539 |
| May | 47.5690 | 47.3280 | 47.4225 |
| June | 47.6506 | 47.1823 | 47.4535 |
| July | 47.4670 | 47.0856 | 47.3678 |
| August | 47.7149 | 47.1142 | 47.4276 |
| September | 47.7202 | 47.2992 | 47.4633 |
| October | 47.5855 | 47.2595 | 47.4188 |
| November | 47.5827 | 47.0713 | 47.3694 |
| December | 47.7272 | 47.3170 | 47.4795 |