2023 SEK to XOF Historical Review

YEARLY HIGH

59.5506 XOF

YEARLY LOW

54.8877 XOF

YEARLY AVERAGE

57.1538 XOF

2023 SEK to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 59.5506. Conversely, the yearly low was recorded on September 13, dropping to 54.8877.

This high-to-low spread represents a total annual volatility of 4.6629 XOF. From a start-to-finish perspective, comparing the January average rate of 58.5255 to the December average rate of 58.6388, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 59.5506 was down 7.10% compared to the 2022 peak of 64.1042, 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 297,753 XOF

2022 Average 308,550 XOF

Yearly Trough Low 274,439 XOF

Transaction Impact: A difference of 23,314.61 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

58.9643

55.0583

JanuMarcMayJulySeptNove

SEK to XOF 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 57.8087, compared to 56.4989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3098 points.

H1 Avg (Jan–Jun) 57.8087

H2 Avg (Jul–Dec) 56.4989

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.4440 XOF (High: 58.6929 / Low: 56.2488). On the other end, January was the most stable month, with a tight range of 1.1621 XOF (High: 59.0146 / Low: 57.8525).

May Spread (Volatile) ±2.4440

January Spread (Stable) ±1.1621

Growth Streaks & Declines

Trends

Between September and December, 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 1.3315 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 58.6388) against the same month in 2022 (average: 59.5684), the exchange rate shifted by -0.9296 (-1.56%).

2023 Avg (December) 58.6388

2022 Avg (December) 59.5684

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.0146	57.8525	58.5255
February	59.5156	57.5201	58.6219
March	59.0085	57.1185	58.2599
April	58.2513	56.9619	57.6917
May	58.6929	56.2488	57.5423
June	56.8740	55.5633	56.2108
July	57.2838	55.0899	56.3625
August	56.3747	54.9380	55.5020
September	56.8389	54.8877	55.3838
October	56.9740	55.2711	56.3168
November	57.7876	55.5200	56.7896
December	59.5506	57.7279	58.6388