2023 WST to CNY Historical Review

YEARLY HIGH

2.7011 CNY

YEARLY LOW

2.4848 CNY

YEARLY AVERAGE

2.5891 CNY

2023 WST to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 2.7011. Conversely, the yearly low was recorded on January 14, dropping to 2.4848.

This high-to-low spread represents a total annual volatility of 0.2163 CNY. From a start-to-finish perspective, comparing the January average rate of 2.5177 to the December average rate of 2.5423, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7011 was up 2.62% compared to the 2022 peak of 2.6321, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,506 CNY

2022 Average 12,575 CNY

Yearly Trough Low 12,424 CNY

Transaction Impact: A difference of 1,081.56 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6992

2.5012

JanuMarcMayJulySeptNove

WST to CNY 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 2.5542, compared to 2.6241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0700 points.

H1 Avg (Jan–Jun) 2.5542

H2 Avg (Jul–Dec) 2.6241

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1304 CNY (High: 2.6906 / Low: 2.5603). On the other end, April was the most stable month, with a tight range of 0.0234 CNY (High: 2.5436 / Low: 2.5202).

October Spread (Volatile) ±0.1304

April Spread (Stable) ±0.0234

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.0725 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0725

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 2.6827) against the same month in 2022 (average: 2.5773), the exchange rate shifted by +0.1053 (+4.09%).

2023 Avg (September) 2.6827

2022 Avg (September) 2.5773

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5635	2.4848	2.5177
February	2.5787	2.4958	2.5371
March	2.5819	2.5202	2.5543
April	2.5436	2.5202	2.5268
May	2.6093	2.5341	2.5641
June	2.6614	2.5994	2.6250
July	2.6614	2.6137	2.6377
August	2.6846	2.6269	2.6631
September	2.7011	2.6641	2.6827
October	2.6906	2.5603	2.6458
November	2.6132	2.5264	2.5733
December	2.5632	2.5256	2.5423