2023 AFN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 124.4268. Conversely, the yearly low was recorded on April 18, dropping to 94.2203.
This high-to-low spread represents a total annual volatility of 30.2065 GNF. From a start-to-finish perspective, comparing the January average rate of 97.5410 to the December average rate of 122.9775, the exchange rate registered a net change of 26.08% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 124.4268 was up 20.30% compared to the 2022 peak of 103.4317, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AFN 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 98.3192, compared to 111.5213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.2021 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 11.7977 GNF (High: 117.2158 / Low: 105.4181). On the other end, December was the most stable month, with a tight range of 2.4300 GNF (High: 124.1585 / Low: 121.7285).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.1069 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 120.4264) against the same month in 2022 (average: 98.6812), the exchange rate shifted by +21.7451 (+22.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 99.4350 | 95.6966 | 97.5410 |
| February | 98.9300 | 95.1242 | 96.4341 |
| March | 100.8078 | 97.2751 | 98.5898 |
| April | 100.8371 | 94.2203 | 99.2808 |
| May | 99.9366 | 96.9886 | 98.5875 |
| June | 101.3957 | 98.5730 | 99.4820 |
| July | 101.1024 | 97.6349 | 99.3686 |
| August | 105.7533 | 99.5694 | 102.0125 |
| September | 117.2158 | 105.4181 | 110.4528 |
| October | 117.4498 | 109.9021 | 113.8898 |
| November | 124.4268 | 115.2928 | 120.4264 |
| December | 124.1585 | 121.7285 | 122.9775 |