2023 SZL to CNY Historical Review

YEARLY HIGH

0.4085 CNY

YEARLY LOW

0.3582 CNY

YEARLY AVERAGE

0.3837 CNY

2023 SZL to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SZL to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 27, valuing the pair at 0.4085. Conversely, the yearly low was recorded on May 30, dropping to 0.3582.

This high-to-low spread represents a total annual volatility of 0.0503 CNY. From a start-to-finish perspective, comparing the January average rate of 0.3971 to the December average rate of 0.3821, the exchange rate registered a net change of -3.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4085 was down 6.92% compared to the 2022 peak of 0.4389, 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 2,042 CNY

2022 Average 2,059 CNY

Yearly Trough Low 1,791 CNY

Transaction Impact: A difference of 251.30 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4001

0.3642

JanuMarcMayJulySeptNove

SZL to CNY 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 0.3811, compared to 0.3863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.3811

H2 Avg (Jul–Dec) 0.3863

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0356 CNY (High: 0.3944 / Low: 0.3588). On the other end, September was the most stable month, with a tight range of 0.0112 CNY (High: 0.3906 / Low: 0.3795).

June Spread (Volatile) ±0.0356

September Spread (Stable) ±0.0112

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0147 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3946) against the same month in 2022 (average: 0.4011), the exchange rate shifted by -0.0065 (-1.62%).

2023 Avg (July) 0.3946

2022 Avg (July) 0.4011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4079	0.3874	0.3971
February	0.3951	0.3757	0.3824
March	0.3858	0.3701	0.3777
April	0.3869	0.3732	0.3799
May	0.3778	0.3582	0.3672
June	0.3944	0.3588	0.3825
July	0.4085	0.3809	0.3946
August	0.3984	0.3737	0.3855
September	0.3906	0.3795	0.3848
October	0.3897	0.3705	0.3816
November	0.3997	0.3759	0.3893
December	0.3888	0.3707	0.3821