2023 SEK to CNY Historical Review

YEARLY HIGH

0.7183 CNY

YEARLY LOW

0.6401 CNY

YEARLY AVERAGE

0.6667 CNY

2023 SEK to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.7183. Conversely, the yearly low was recorded on February 6, dropping to 0.6401.

This high-to-low spread represents a total annual volatility of 0.0782 CNY. From a start-to-finish perspective, comparing the January average rate of 0.6537 to the December average rate of 0.6952, the exchange rate registered a net change of 6.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7183 was up 0.89% compared to the 2022 peak of 0.7120, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,592 CNY

2022 Average 3,329 CNY

Yearly Trough Low 3,201 CNY

Transaction Impact: A difference of 390.90 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6993

0.6495

JanuMarcMayJulySeptNove

SEK 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 0.6603, compared to 0.6731 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 0.6603

H2 Avg (Jul–Dec) 0.6731

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0416 CNY (High: 0.7034 / Low: 0.6617). On the other end, September was the most stable month, with a tight range of 0.0179 CNY (High: 0.6682 / Low: 0.6503).

July Spread (Volatile) ±0.0416

September Spread (Stable) ±0.0179

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0146 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6952) against the same month in 2022 (average: 0.6710), the exchange rate shifted by +0.0242 (+3.60%).

2023 Avg (December) 0.6952

2022 Avg (December) 0.6710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6652	0.6440	0.6537
February	0.6685	0.6401	0.6545
March	0.6680	0.6445	0.6559
April	0.6736	0.6547	0.6656
May	0.6810	0.6515	0.6669
June	0.6749	0.6522	0.6648
July	0.7034	0.6617	0.6829
August	0.6791	0.6580	0.6683
September	0.6682	0.6503	0.6575
October	0.6710	0.6420	0.6599
November	0.6877	0.6556	0.6749
December	0.7183	0.6779	0.6952