2023 SCR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 211.6046. Conversely, the yearly low was recorded on January 18, dropping to 143.5334.
This high-to-low spread represents a total annual volatility of 68.0712 CDF. From a start-to-finish perspective, comparing the January average rate of 151.3528 to the December average rate of 202.7146, the exchange rate registered a net change of 33.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 211.6046 was up 31.55% compared to the 2022 peak of 160.8520, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 157.6671, compared to 190.1987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.5317 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 30.5188 CDF (High: 177.2498 / Low: 146.7310). On the other end, August was the most stable month, with a tight range of 8.0129 CDF (High: 188.6508 / Low: 180.6379).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 0.0479 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 202.7146) against the same month in 2022 (average: 153.0948), the exchange rate shifted by +49.6198 (+32.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 159.2521 | 143.5334 | 151.3528 |
| February | 159.3207 | 144.8119 | 152.2821 |
| March | 159.9060 | 146.0352 | 153.7346 |
| April | 166.5231 | 145.7010 | 154.1368 |
| May | 177.2498 | 146.7310 | 162.1964 |
| June | 182.8961 | 166.0215 | 172.2999 |
| July | 193.3954 | 174.1777 | 184.8067 |
| August | 188.6508 | 180.6379 | 185.1837 |
| September | 194.9505 | 180.4596 | 189.0646 |
| October | 202.4726 | 180.1884 | 189.0167 |
| November | 202.1740 | 180.2128 | 190.4060 |
| December | 211.6046 | 191.3573 | 202.7146 |