2023 SBD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 71.5924. Conversely, the yearly low was recorded on December 29, dropping to 61.6543.
This high-to-low spread represents a total annual volatility of 9.9380 CRC. From a start-to-finish perspective, comparing the January average rate of 69.5420 to the December average rate of 62.0958, the exchange rate registered a net change of -10.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 71.5924 was down 16.00% compared to the 2022 peak of 85.2310, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD to CRC 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 66.3997, compared to 63.4478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9519 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.3551 CRC (High: 71.5924 / Low: 67.2372). On the other end, June was the most stable month, with a tight range of 0.7842 CRC (High: 65.1711 / Low: 64.3868).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.3428 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 69.5420) against the same month in 2022 (average: 79.1106), the exchange rate shifted by -9.5686 (-12.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 71.5924 | 67.2372 | 69.5420 |
| February | 70.6754 | 66.8918 | 68.6415 |
| March | 67.8082 | 65.2928 | 66.2987 |
| April | 65.5548 | 63.8657 | 64.5902 |
| May | 65.4710 | 63.8920 | 64.5482 |
| June | 65.1711 | 64.3868 | 64.7777 |
| July | 65.5338 | 63.8755 | 64.5708 |
| August | 65.1957 | 63.5939 | 64.3117 |
| September | 64.4234 | 62.9684 | 63.7601 |
| October | 63.9081 | 62.5624 | 63.0713 |
| November | 63.5164 | 62.3000 | 62.8773 |
| December | 62.4784 | 61.6543 | 62.0958 |