YEARLY HIGH
1.1115 CDF
YEARLY LOW
0.8068 CDF
YEARLY AVERAGE
0.9294 CDF

2023 SYP to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.1115. Conversely, the yearly low was recorded on January 18, dropping to 0.8068.

This high-to-low spread represents a total annual volatility of 0.3048 CDF. From a start-to-finish perspective, comparing the January average rate of 0.8154 to the December average rate of 1.0836, the exchange rate registered a net change of 32.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1115 was up 35.08% compared to the 2022 peak of 0.8229, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,558 CDF
2022 Average 4,019 CDF
Yearly Trough Low 4,034 CDF
Transaction Impact: A difference of 1,523.76 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1104
0.7886
JanuMarcMayJulySeptNove

SYP to CDF 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 0.8497, compared to 1.0091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1594 points.

H1 Avg (Jan–Jun) 0.8497
H2 Avg (Jul–Dec) 1.0091

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.1171 CDF (High: 0.9293 / Low: 0.8123). On the other end, February was the most stable month, with a tight range of 0.0146 CDF (High: 0.8285 / Low: 0.8139).

May Spread (Volatile) ±0.1171
February Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0836) against the same month in 2022 (average: 0.8142), the exchange rate shifted by +0.2694 (+33.09%).

2023 Avg (December) 1.0836
2022 Avg (December) 0.8142

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8242 0.8068 0.8154
February 0.8285 0.8139 0.8209
March 0.8306 0.8139 0.8231
April 0.8695 0.8143 0.8284
May 0.9293 0.8123 0.8711
June 0.9592 0.9254 0.9394
July 1.0149 0.9592 0.9827
August 0.9912 0.9711 0.9856
September 0.9962 0.9782 0.9885
October 1.0338 0.9835 1.0023
November 1.0837 0.9793 1.0122
December 1.1115 1.0607 1.0836