2023 TWD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TWD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TWD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 19.3556. Conversely, the yearly low was recorded on October 28, dropping to 16.3120.
This high-to-low spread represents a total annual volatility of 3.0436 CRC. From a start-to-finish perspective, comparing the January average rate of 18.9101 to the December average rate of 16.8258, the exchange rate registered a net change of -11.02% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 19.3556 was down 17.48% compared to the 2022 peak of 23.4562, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TWD to CRC Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 17.9990, compared to 16.8159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1831 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 1.1332 CRC (High: 19.3141 / Low: 18.1809). On the other end, December was the most stable month, with a tight range of 0.2916 CRC (High: 16.9809 / Low: 16.6893).
Growth Streaks & Declines
TrendsBetween October and December, 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 February and March, when the average rate fell by 0.8110 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 18.9101) against the same month in 2022 (average: 23.1031), the exchange rate shifted by -4.1930 (-18.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.3556 | 18.3823 | 18.9101 |
| February | 19.3141 | 18.1809 | 18.6695 |
| March | 18.3272 | 17.4783 | 17.8584 |
| April | 17.8557 | 17.3014 | 17.5267 |
| May | 17.7639 | 17.3067 | 17.5056 |
| June | 17.6781 | 17.3488 | 17.5237 |
| July | 17.6265 | 17.0962 | 17.3203 |
| August | 17.2470 | 16.6631 | 16.9157 |
| September | 16.9148 | 16.5754 | 16.7240 |
| October | 16.7117 | 16.3120 | 16.4761 |
| November | 16.9174 | 16.3483 | 16.6338 |
| December | 16.9809 | 16.6893 | 16.8258 |