2023 SDG to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SDG to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SDG to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 1.0977. Conversely, the yearly low was recorded on July 17, dropping to 0.9703.
This high-to-low spread represents a total annual volatility of 0.1274 XOF. From a start-to-finish perspective, comparing the January average rate of 1.0543 to the December average rate of 0.9993, the exchange rate registered a net change of -5.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.0977 was down 23.41% compared to the 2022 peak of 1.4332, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SDG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SDG to XOF 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 1.0248, compared to 1.0090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0158 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.1050 XOF (High: 1.0977 / Low: 0.9927). On the other end, October was the most stable month, with a tight range of 0.0204 XOF (High: 1.0432 / Low: 1.0228).
Growth Streaks & Declines
TrendsBetween July and October, 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 March and April, when the average rate fell by 0.0398 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1.0131) against the same month in 2022 (average: 1.1275), the exchange rate shifted by -0.1144 (-10.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.0872 | 1.0358 | 1.0543 |
| February | 1.0571 | 1.0208 | 1.0467 |
| March | 1.0701 | 1.0127 | 1.0384 |
| April | 1.0437 | 0.9833 | 0.9985 |
| May | 1.0206 | 0.9776 | 1.0048 |
| June | 1.0203 | 0.9921 | 1.0062 |
| July | 1.0063 | 0.9703 | 0.9870 |
| August | 1.0102 | 0.9891 | 0.9999 |
| September | 1.0389 | 1.0106 | 1.0217 |
| October | 1.0432 | 1.0228 | 1.0332 |
| November | 1.0977 | 0.9927 | 1.0131 |
| December | 1.0139 | 0.9825 | 0.9993 |