2023 SZL to CDF Historical Review

YEARLY HIGH

152.1077 CDF

YEARLY LOW

106.5411 CDF

YEARLY AVERAGE

126.5321 CDF

2023 SZL to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 152.1077. Conversely, the yearly low was recorded on May 14, dropping to 106.5411.

This high-to-low spread represents a total annual volatility of 45.5666 CDF. From a start-to-finish perspective, comparing the January average rate of 119.7899 to the December average rate of 146.1380, the exchange rate registered a net change of 22.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 152.1077 was up 9.94% compared to the 2022 peak of 138.3505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 760,538 CDF

2022 Average 619,448 CDF

Yearly Trough Low 532,705 CDF

Transaction Impact: A difference of 227,833.13 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

149.4206

110.0288

JanuMarcMayJulySeptNove

SZL 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 117.3728, compared to 135.6914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.3186 points.

H1 Avg (Jan–Jun) 117.3728

H2 Avg (Jul–Dec) 135.6914

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 16.5677 CDF (High: 144.1268 / Low: 127.5590). On the other end, September was the most stable month, with a tight range of 3.6803 CDF (High: 132.9037 / Low: 129.2234).

July Spread (Volatile) ±16.5677

September Spread (Stable) ±3.6803

Growth Streaks & Declines

Trends

Between March and July, 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 January and February, when the average rate fell by 4.5302 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -4.5302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 146.1380) against the same month in 2022 (average: 118.5199), the exchange rate shifted by +27.6181 (+23.30%).

2023 Avg (December) 146.1380

2022 Avg (December) 118.5199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	122.0563	117.9256	119.7899
February	120.5302	111.6938	115.2596
March	114.9115	110.9495	113.3114
April	119.3992	112.1655	114.8009
May	120.9824	106.5411	114.8693
June	130.6381	117.6762	126.2059
July	144.1268	127.5590	135.6154
August	137.7237	126.6358	131.8771
September	132.9037	129.2234	131.0438
October	137.2465	127.3314	132.0867
November	144.4603	131.5361	137.3875
December	152.1077	140.0213	146.1380