2023 XAF to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XAF to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XAF to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 8.0398. Conversely, the yearly low was recorded on September 19, dropping to 6.3544.
This high-to-low spread represents a total annual volatility of 1.6854 COP. From a start-to-finish perspective, comparing the January average rate of 7.7499 to the December average rate of 6.5888, the exchange rate registered a net change of -14.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.0398 was up 1.76% compared to the 2022 peak of 7.9007, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XAF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XAF to COP 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 7.5697, compared to 6.6983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8714 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.7412 COP (High: 7.8986 / Low: 7.1574). On the other end, December was the most stable month, with a tight range of 0.1773 COP (High: 6.6723 / Low: 6.4950).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5871 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 7.8236) against the same month in 2022 (average: 6.8107), the exchange rate shifted by +1.0129 (+14.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.9747 | 7.4662 | 7.7499 |
| February | 8.0398 | 7.6262 | 7.8236 |
| March | 7.9198 | 7.6415 | 7.7715 |
| April | 7.8127 | 7.3898 | 7.5958 |
| May | 7.8986 | 7.1574 | 7.5322 |
| June | 7.2636 | 6.7811 | 6.9451 |
| July | 7.0452 | 6.5882 | 6.8528 |
| August | 6.9599 | 6.5705 | 6.7733 |
| September | 6.7542 | 6.3544 | 6.5273 |
| October | 6.9979 | 6.5517 | 6.7988 |
| November | 6.8142 | 6.4754 | 6.6488 |
| December | 6.6723 | 6.4950 | 6.5888 |