2023 XDR to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 112.0538. Conversely, the yearly low was recorded on March 5, dropping to 108.6181.
This high-to-low spread represents a total annual volatility of 3.4357 INR. From a start-to-finish perspective, comparing the January average rate of 109.7932 to the December average rate of 111.0175, the exchange rate registered a net change of 1.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 112.0538 was down 3.80% compared to the 2022 peak of 116.4761, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR to INR 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 110.1965, compared to 110.2081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0116 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.4789 INR (High: 111.0970 / Low: 108.6181). On the other end, October was the most stable month, with a tight range of 1.1503 INR (High: 109.7958 / Low: 108.6455).
Growth Streaks & Declines
TrendsBetween March and May, 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 May and June, when the average rate fell by 1.0151 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 110.6712) against the same month in 2022 (average: 105.1968), the exchange rate shifted by +5.4744 (+5.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.5545 | 108.8231 | 109.7932 |
| February | 112.0538 | 109.6196 | 110.6712 |
| March | 111.0970 | 108.6181 | 109.7349 |
| April | 111.9144 | 110.1063 | 110.6138 |
| May | 111.8019 | 109.9852 | 110.6904 |
| June | 110.6166 | 109.1399 | 109.6753 |
| July | 111.4029 | 109.0301 | 110.4511 |
| August | 111.8570 | 109.4859 | 110.5918 |
| September | 110.8161 | 108.8320 | 109.7906 |
| October | 109.7958 | 108.6455 | 109.2963 |
| November | 111.2938 | 109.0269 | 110.1014 |
| December | 111.7631 | 109.6653 | 111.0175 |