2023 AED to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AED to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AED to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 2395.9498. Conversely, the yearly low was recorded on March 18, dropping to 2311.8635.
This high-to-low spread represents a total annual volatility of 84.0863 GNF. From a start-to-finish perspective, comparing the January average rate of 2359.5645 to the December average rate of 2342.2610, the exchange rate registered a net change of -0.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2395.9498 was down 5.75% compared to the 2022 peak of 2542.2275, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AED based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AED to GNF 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 2350.6250, compared to 2342.6056 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.0193 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 84.0863 GNF (High: 2395.9498 / Low: 2311.8635). On the other end, May was the most stable month, with a tight range of 19.0069 GNF (High: 2356.9587 / Low: 2337.9519).
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 March and April, when the average rate fell by 9.7685 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 2351.6300) against the same month in 2022 (average: 2435.6500), the exchange rate shifted by -84.0200 (-3.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2395.8617 | 2337.8799 | 2359.5645 |
| February | 2395.8943 | 2323.1910 | 2353.7127 |
| March | 2395.9498 | 2311.8635 | 2351.6300 |
| April | 2356.8336 | 2316.9096 | 2341.8616 |
| May | 2356.9587 | 2337.9519 | 2348.6287 |
| June | 2356.6984 | 2332.0621 | 2348.3523 |
| July | 2355.0873 | 2325.8899 | 2343.3416 |
| August | 2356.3844 | 2337.3240 | 2344.3940 |
| September | 2356.4614 | 2329.6865 | 2342.6769 |
| October | 2356.3844 | 2327.2111 | 2341.5448 |
| November | 2355.0680 | 2326.4757 | 2341.4156 |
| December | 2351.4620 | 2330.7643 | 2342.2610 |