2023 TWD to IDR Historical Review

YEARLY HIGH

511.4513 IDR

YEARLY LOW

476.9228 IDR

YEARLY AVERAGE

489.4922 IDR

2023 TWD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 511.4513. Conversely, the yearly low was recorded on April 30, dropping to 476.9228.

This high-to-low spread represents a total annual volatility of 34.5285 IDR. From a start-to-finish perspective, comparing the January average rate of 501.5270 to the December average rate of 496.0545, the exchange rate registered a net change of -1.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 511.4513 was down 2.08% compared to the 2022 peak of 522.2911, 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 2,557,256 IDR

2022 Average 2,494,981 IDR

Yearly Trough Low 2,384,614 IDR

Transaction Impact: A difference of 172,642.41 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

503.6993

477.6316

JanuMarcMayJulySeptNove

TWD to IDR 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 493.0754, compared to 485.9090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.1664 points.

H1 Avg (Jan–Jun) 493.0754

H2 Avg (Jul–Dec) 485.9090

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 17.7792 IDR (High: 511.4513 / Low: 493.6721). On the other end, August was the most stable month, with a tight range of 3.6942 IDR (High: 481.6685 / Low: 477.9742).

January Spread (Volatile) ±17.7792

August Spread (Stable) ±3.6942

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 14.0306 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -14.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 501.5270) against the same month in 2022 (average: 518.3198), the exchange rate shifted by -16.7929 (-3.24%).

2023 Avg (January) 501.5270

2022 Avg (January) 518.3198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	511.4513	493.6721	501.5270
February	506.3321	497.0059	500.9551
March	506.2840	490.1310	500.6893
April	492.0985	476.9228	486.6587
May	490.1375	477.3971	483.5538
June	488.5484	481.9119	485.0684
July	486.4076	479.9809	482.8603
August	481.6685	477.9742	479.8039
September	483.1146	477.4248	480.1167
October	492.3349	479.0910	488.1805
November	496.4877	481.6986	488.4379
December	503.3964	490.4420	496.0545