YEARLY HIGH
0.1084 CAD
YEARLY LOW
0.0932 CAD
YEARLY AVERAGE
0.1005 CAD

2023 SCR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.1084. Conversely, the yearly low was recorded on July 12, dropping to 0.0932.

This high-to-low spread represents a total annual volatility of 0.0153 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0992 to the December average rate of 0.0999, the exchange rate registered a net change of 0.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1084 was up 1.15% compared to the 2022 peak of 0.1072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 542 CAD
2022 Average 481 CAD
Yearly Trough Low 466 CAD
Transaction Impact: A difference of 76.28 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1038
0.0964
JanuMarcMayJulySeptNove

SCR to CAD 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 0.0996, compared to 0.1014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0996
H2 Avg (Jul–Dec) 0.1014

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0109 CAD (High: 0.1050 / Low: 0.0941). On the other end, August was the most stable month, with a tight range of 0.0041 CAD (High: 0.1028 / Low: 0.0987).

January Spread (Volatile) ±0.0109
August Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1029) against the same month in 2022 (average: 0.1027), the exchange rate shifted by +0.0003 (+0.27%).

2023 Avg (October) 0.1029
2022 Avg (October) 0.1027

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1050 0.0941 0.0992
February 0.1047 0.0941 0.0994
March 0.1063 0.0971 0.1018
April 0.1040 0.0955 0.1001
May 0.1036 0.0961 0.1003
June 0.1018 0.0932 0.0970
July 0.1023 0.0932 0.0990
August 0.1028 0.0987 0.1008
September 0.1059 0.0987 0.1031
October 0.1084 0.0982 0.1029
November 0.1056 0.0988 0.1026
December 0.1053 0.0944 0.0999