2023 USD to INR Historical Review

YEARLY HIGH

83.4364 INR

YEARLY LOW

80.9741 INR

YEARLY AVERAGE

82.5713 INR

2023 USD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the USD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 83.4364. Conversely, the yearly low was recorded on January 22, dropping to 80.9741.

This high-to-low spread represents a total annual volatility of 2.4623 INR. From a start-to-finish perspective, comparing the January average rate of 81.7258 to the December average rate of 83.2438, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 83.4364 was up 0.53% compared to the 2022 peak of 82.9972, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 417,182 INR

2022 Average 393,012 INR

Yearly Trough Low 404,870 INR

Transaction Impact: A difference of 12,311.54 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

83.4207

81.5717

JanuMarcMayJulySeptNove

USD to INR 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 82.1738, compared to 82.9688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7951 points.

H1 Avg (Jan–Jun) 82.1738

H2 Avg (Jul–Dec) 82.9688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.8053 INR (High: 82.7794 / Low: 80.9741). On the other end, November was the most stable month, with a tight range of 0.3589 INR (High: 83.3822 / Low: 83.0233).

January Spread (Volatile) ±1.8053

November Spread (Stable) ±0.3589

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3921 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3921

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 83.2438) against the same month in 2022 (average: 82.4447), the exchange rate shifted by +0.7991 (+0.97%).

2023 Avg (December) 83.2438

2022 Avg (December) 82.4447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	82.7794	80.9741	81.7258
February	82.9335	81.7106	82.6310
March	82.7160	81.7127	82.2390
April	82.3410	81.6810	81.9526
May	82.9050	81.7163	82.3208
June	82.6183	81.9068	82.1734
July	82.7686	81.8145	82.1921
August	83.2821	82.3019	82.8389
September	83.2999	82.7238	83.0461
October	83.4166	83.0166	83.2254
November	83.3822	83.0233	83.2666
December	83.4364	82.8910	83.2438