YEARLY HIGH
0.0353 XOF
YEARLY LOW
0.0282 XOF
YEARLY AVERAGE
0.0320 XOF

2023 SLL to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SLL to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0353. Conversely, the yearly low was recorded on December 27, dropping to 0.0282.

This high-to-low spread represents a total annual volatility of 0.0071 XOF. From a start-to-finish perspective, comparing the January average rate of 0.0344 to the December average rate of 0.0286, the exchange rate registered a net change of -16.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0353 was down 32.87% compared to the 2022 peak of 0.0526, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 176 XOF
2022 Average 231 XOF
Yearly Trough Low 141 XOF
Transaction Impact: A difference of 35.68 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0353
0.0280
JanuMarcMayJulySeptNove

SLL 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 0.0343, compared to 0.0297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0343
H2 Avg (Jul–Dec) 0.0297

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0059 XOF (High: 0.0342 / Low: 0.0284). On the other end, October was the most stable month, with a tight range of 0.0006 XOF (High: 0.0299 / Low: 0.0293).

July Spread (Volatile) ±0.0059
October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0042 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0344) against the same month in 2022 (average: 0.0511), the exchange rate shifted by -0.0166 (-32.57%).

2023 Avg (January) 0.0344
2022 Avg (January) 0.0511

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0353 0.0340 0.0344
February 0.0352 0.0337 0.0347
March 0.0352 0.0341 0.0347
April 0.0344 0.0334 0.0338
May 0.0347 0.0331 0.0341
June 0.0347 0.0338 0.0342
July 0.0342 0.0284 0.0329
August 0.0290 0.0284 0.0287
September 0.0298 0.0290 0.0293
October 0.0299 0.0293 0.0296
November 0.0295 0.0284 0.0289
December 0.0291 0.0282 0.0286