2023 SCR to CNY Historical Review

YEARLY HIGH

0.5741 CNY

YEARLY LOW

0.4778 CNY

YEARLY AVERAGE

0.5266 CNY

2023 SCR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.5741. Conversely, the yearly low was recorded on January 18, dropping to 0.4778.

This high-to-low spread represents a total annual volatility of 0.0963 CNY. From a start-to-finish perspective, comparing the January average rate of 0.5018 to the December average rate of 0.5300, the exchange rate registered a net change of 5.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5741 was up 0.76% compared to the 2022 peak of 0.5698, 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 2,870 CNY

2022 Average 2,488 CNY

Yearly Trough Low 2,389 CNY

Transaction Impact: A difference of 481.28 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5605

0.4965

JanuMarcMayJulySeptNove

SCR 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 0.5116, compared to 0.5417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0301 points.

H1 Avg (Jan–Jun) 0.5116

H2 Avg (Jul–Dec) 0.5417

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0565 CNY (High: 0.5343 / Low: 0.4778). On the other end, August was the most stable month, with a tight range of 0.0209 CNY (High: 0.5520 / Low: 0.5311).

January Spread (Volatile) ±0.0565

August Spread (Stable) ±0.0209

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0095 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5461) against the same month in 2022 (average: 0.5386), the exchange rate shifted by +0.0074 (+1.38%).

2023 Avg (October) 0.5461

2022 Avg (October) 0.5386

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5343	0.4778	0.5018
February	0.5339	0.4786	0.5054
March	0.5298	0.4931	0.5123
April	0.5324	0.4899	0.5100
May	0.5393	0.4961	0.5179
June	0.5526	0.5047	0.5223
July	0.5550	0.5064	0.5380
August	0.5520	0.5311	0.5414
September	0.5725	0.5354	0.5551
October	0.5741	0.5191	0.5461
November	0.5571	0.5154	0.5395
December	0.5538	0.5078	0.5300