2023 TWD to CNY Historical Review

YEARLY HIGH

0.2338 CNY

YEARLY LOW

0.2207 CNY

YEARLY AVERAGE

0.2271 CNY

2023 TWD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.2338. Conversely, the yearly low was recorded on October 29, dropping to 0.2207.

This high-to-low spread represents a total annual volatility of 0.0131 CNY. From a start-to-finish perspective, comparing the January average rate of 0.2235 to the December average rate of 0.2281, the exchange rate registered a net change of 2.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2338 was up 0.61% compared to the 2022 peak of 0.2324, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,169 CNY

2022 Average 1,130 CNY

Yearly Trough Low 1,104 CNY

Transaction Impact: A difference of 65.33 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2330

0.2226

JanuMarcMayJulySeptNove

TWD 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 0.2267, compared to 0.2275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.2267

H2 Avg (Jul–Dec) 0.2275

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0075 CNY (High: 0.2320 / Low: 0.2245). On the other end, April was the most stable month, with a tight range of 0.0016 CNY (High: 0.2263 / Low: 0.2247).

May Spread (Volatile) ±0.0075

April Spread (Stable) ±0.0016

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 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.2322) against the same month in 2022 (average: 0.2263), the exchange rate shifted by +0.0059 (+2.60%).

2023 Avg (June) 0.2322

2022 Avg (June) 0.2263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2255	0.2213	0.2235
February	0.2274	0.2251	0.2261
March	0.2266	0.2239	0.2256
April	0.2263	0.2247	0.2254
May	0.2320	0.2245	0.2276
June	0.2338	0.2309	0.2322
July	0.2328	0.2260	0.2304
August	0.2291	0.2253	0.2275
September	0.2290	0.2256	0.2277
October	0.2277	0.2207	0.2253
November	0.2277	0.2222	0.2259
December	0.2314	0.2254	0.2281