2023 UAH to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 UAH to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the UAH to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 17.1587. Conversely, the yearly low was recorded on December 28, dropping to 15.4903.
This high-to-low spread represents a total annual volatility of 1.6684 XOF. From a start-to-finish perspective, comparing the January average rate of 16.5429 to the December average rate of 16.1502, the exchange rate registered a net change of -2.37% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 17.1587 was down 22.56% compared to the 2022 peak of 22.1578, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 UAH based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
UAH to XOF 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 16.4584, compared to 16.4949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0365 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 1.0923 XOF (High: 16.5826 / Low: 15.4903). On the other end, August was the most stable month, with a tight range of 0.3553 XOF (High: 16.4582 / Low: 16.1029).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6325 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 17.0084) against the same month in 2022 (average: 18.0720), the exchange rate shifted by -1.0636 (-5.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.9560 | 16.3154 | 16.5429 |
| February | 16.9222 | 16.1284 | 16.6540 |
| March | 16.8649 | 16.2921 | 16.6168 |
| April | 16.5554 | 15.9682 | 16.2143 |
| May | 16.6738 | 15.8409 | 16.3419 |
| June | 16.6102 | 16.1605 | 16.3806 |
| July | 16.3842 | 15.8124 | 16.1017 |
| August | 16.4582 | 16.1029 | 16.2869 |
| September | 16.8934 | 16.4450 | 16.6393 |
| October | 17.1587 | 16.7769 | 17.0084 |
| November | 17.0755 | 16.4002 | 16.7827 |
| December | 16.5826 | 15.4903 | 16.1502 |