2023 XOF to JPY Historical Review

YEARLY HIGH

0.2502 JPY

YEARLY LOW

0.2111 JPY

YEARLY AVERAGE

0.2318 JPY

2023 XOF to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XOF to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 0.2502. Conversely, the yearly low was recorded on January 17, dropping to 0.2111.

This high-to-low spread represents a total annual volatility of 0.0392 JPY. From a start-to-finish perspective, comparing the January average rate of 0.2141 to the December average rate of 0.2392, the exchange rate registered a net change of 11.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2502 was up 11.32% compared to the 2022 peak of 0.2248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,251 JPY

2022 Average 1,052 JPY

Yearly Trough Low 1,055 JPY

Transaction Impact: A difference of 195.84 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2504

0.2108

JanuMarcMayJulySeptNove

XOF to JPY 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 0.2224, compared to 0.2411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0187 points.

H1 Avg (Jan–Jun) 0.2224

H2 Avg (Jul–Dec) 0.2411

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0136 JPY (High: 0.2313 / Low: 0.2176). On the other end, September was the most stable month, with a tight range of 0.0024 JPY (High: 0.2415 / Low: 0.2391).

April Spread (Volatile) ±0.0136

September Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0079 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2471) against the same month in 2022 (average: 0.2210), the exchange rate shifted by +0.0261 (+11.80%).

2023 Avg (November) 0.2471

2022 Avg (November) 0.2210

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2165	0.2111	0.2141
February	0.2205	0.2141	0.2173
March	0.2216	0.2144	0.2182
April	0.2313	0.2176	0.2238
May	0.2304	0.2237	0.2276
June	0.2403	0.2275	0.2337
July	0.2406	0.2324	0.2380
August	0.2434	0.2380	0.2408
September	0.2415	0.2391	0.2406
October	0.2440	0.2381	0.2409
November	0.2502	0.2430	0.2471
December	0.2438	0.2363	0.2392