YEARLY HIGH
0.0025 CAD
YEARLY LOW
0.0023 CAD
YEARLY AVERAGE
0.0024 CAD

2023 SOS to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SOS to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0025. Conversely, the yearly low was recorded on July 13, dropping to 0.0023.

This high-to-low spread represents a total annual volatility of 0.0002 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0024 to the December average rate of 0.0023, the exchange rate registered a net change of -0.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0025 was up 0.61% compared to the 2022 peak of 0.0024, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12 CAD
2022 Average 11 CAD
Yearly Trough Low 12 CAD
Transaction Impact: A difference of 0.76 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0024
0.0023
JanuMarcMayJulySeptNove

SOS to CAD 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 0.0024, compared to 0.0024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0024
H2 Avg (Jul–Dec) 0.0024

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0001 CAD (High: 0.0025 / Low: 0.0024). On the other end, September was the most stable month, with a tight range of 0.0000 CAD (High: 0.0024 / Low: 0.0024).

March Spread (Volatile) ±0.0001
September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0001 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0024) against the same month in 2022 (average: 0.0022), the exchange rate shifted by +0.0002 (+10.93%).

2023 Avg (March) 0.0024
2022 Avg (March) 0.0022

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0024 0.0023 0.0024
February 0.0024 0.0023 0.0024
March 0.0025 0.0024 0.0024
April 0.0024 0.0023 0.0024
May 0.0024 0.0024 0.0024
June 0.0024 0.0023 0.0023
July 0.0024 0.0023 0.0023
August 0.0024 0.0023 0.0024
September 0.0024 0.0024 0.0024
October 0.0024 0.0024 0.0024
November 0.0024 0.0024 0.0024
December 0.0024 0.0023 0.0023