2023 TWD to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TWD to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TWD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 20.3726. Conversely, the yearly low was recorded on August 12, dropping to 18.7628.
This high-to-low spread represents a total annual volatility of 1.6098 XAF. From a start-to-finish perspective, comparing the January average rate of 20.0088 to the December average rate of 19.2404, the exchange rate registered a net change of -3.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 20.3726 was down 7.19% compared to the 2022 peak of 21.9502, 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 XAF 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 19.8502, compared to 19.0968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7534 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.8817 XAF (High: 20.0076 / Low: 19.1259). On the other end, December was the most stable month, with a tight range of 0.2895 XAF (High: 19.3865 / Low: 19.0971).
Growth Streaks & Declines
TrendsBetween August and October, 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 June and July, when the average rate fell by 0.6119 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 20.2467) against the same month in 2022 (average: 20.7556), the exchange rate shifted by -0.5089 (-2.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.2946 | 19.8485 | 20.0088 |
| February | 20.3726 | 20.0422 | 20.2467 |
| March | 20.2487 | 19.7346 | 20.0386 |
| April | 19.8793 | 19.1638 | 19.5346 |
| May | 20.0076 | 19.1259 | 19.6394 |
| June | 19.9982 | 19.2832 | 19.6330 |
| July | 19.3893 | 18.8028 | 19.0211 |
| August | 19.0923 | 18.7628 | 18.8970 |
| September | 19.3669 | 19.0695 | 19.1823 |
| October | 19.3814 | 19.0297 | 19.2314 |
| November | 19.1836 | 18.7903 | 19.0086 |
| December | 19.3865 | 19.0971 | 19.2404 |