2023 XCD to HNL Historical Review

YEARLY HIGH

9.2320 HNL

YEARLY LOW

8.9985 HNL

YEARLY AVERAGE

9.1255 HNL

2023 XCD to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 9.2320. Conversely, the yearly low was recorded on March 19, dropping to 8.9985.

This high-to-low spread represents a total annual volatility of 0.2335 HNL. From a start-to-finish perspective, comparing the January average rate of 9.1268 to the December average rate of 9.1443, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.2320 was down 4.03% compared to the 2022 peak of 9.6194, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,160 HNL

2022 Average 45,525 HNL

Yearly Trough Low 44,993 HNL

Transaction Impact: A difference of 1,167.58 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.1732

9.0900

JanuMarcMayJulySeptNove

XCD to HNL 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 9.1173, compared to 9.1337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 9.1173

H2 Avg (Jul–Dec) 9.1337

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.1751 HNL (High: 9.2071 / Low: 9.0320). On the other end, January was the most stable month, with a tight range of 0.0409 HNL (High: 9.1395 / Low: 9.0987).

August Spread (Volatile) ±0.1751

January Spread (Stable) ±0.0409

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0264 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0264

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 9.1663) against the same month in 2022 (average: 9.1177), the exchange rate shifted by +0.0486 (+0.53%).

2023 Avg (September) 9.1663

2022 Avg (September) 9.1177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.1395	9.0987	9.1268
February	9.2070	9.0394	9.1218
March	9.1343	8.9985	9.1141
April	9.1247	9.0032	9.0970
May	9.1321	9.0649	9.1127
June	9.1580	9.0537	9.1315
July	9.1580	9.0393	9.1125
August	9.2071	9.0320	9.1095
September	9.2320	9.1026	9.1663
October	9.1913	9.0850	9.1399
November	9.1649	9.0632	9.1297
December	9.1740	9.1238	9.1443