2023 AFN to GMD Historical Review

YEARLY HIGH

0.9786 GMD

YEARLY LOW

0.6716 GMD

YEARLY AVERAGE

0.7610 GMD

2023 AFN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.9786. Conversely, the yearly low was recorded on February 8, dropping to 0.6716.

This high-to-low spread represents a total annual volatility of 0.3070 GMD. From a start-to-finish perspective, comparing the January average rate of 0.6981 to the December average rate of 0.9629, the exchange rate registered a net change of 37.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9786 was up 35.85% compared to the 2022 peak of 0.7203, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,893 GMD

2022 Average 3,088 GMD

Yearly Trough Low 3,358 GMD

Transaction Impact: A difference of 1,535.01 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9910

0.6534

JanuMarcMayJulySeptNove

AFN to GMD 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 0.6940, compared to 0.8281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1341 points.

H1 Avg (Jan–Jun) 0.6940

H2 Avg (Jul–Dec) 0.8281

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0970 GMD (High: 0.8435 / Low: 0.7465). On the other end, January was the most stable month, with a tight range of 0.0199 GMD (High: 0.7076 / Low: 0.6877).

September Spread (Volatile) ±0.0970

January Spread (Stable) ±0.0199

Growth Streaks & Declines

Trends

Between May and December, 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 April and May, when the average rate fell by 0.0307 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0307

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.9369) against the same month in 2022 (average: 0.6958), the exchange rate shifted by +0.2412 (+34.66%).

2023 Avg (November) 0.9369

2022 Avg (November) 0.6958

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7076	0.6877	0.6981
February	0.6949	0.6716	0.6816
March	0.7265	0.6818	0.7008
April	0.7301	0.6803	0.7140
May	0.6958	0.6731	0.6833
June	0.7003	0.6786	0.6860
July	0.7008	0.6795	0.6886
August	0.7489	0.6969	0.7178
September	0.8435	0.7465	0.7935
October	0.8968	0.8280	0.8689
November	0.9786	0.8821	0.9369
December	0.9727	0.9513	0.9629