2023 ARS to GNF Historical Review

YEARLY HIGH

49.1162 GNF

YEARLY LOW

10.6247 GNF

YEARLY AVERAGE

33.0229 GNF

2023 ARS to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 49.1162. Conversely, the yearly low was recorded on December 31, dropping to 10.6247.

This high-to-low spread represents a total annual volatility of 38.4914 GNF. From a start-to-finish perspective, comparing the January average rate of 47.6214 to the December average rate of 15.7426, the exchange rate registered a net change of -66.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 49.1162 was down 45.91% compared to the 2022 peak of 90.8073, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 245,581 GNF

2022 Average 346,718 GNF

Yearly Trough Low 53,124 GNF

Transaction Impact: A difference of 192,457.15 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.8093

12.5547

JanuMarcMayJulySeptNove

ARS to GNF 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 41.2521, compared to 24.7938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.4583 points.

H1 Avg (Jan–Jun) 41.2521

H2 Avg (Jul–Dec) 24.7938

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 13.2181 GNF (High: 23.8428 / Low: 10.6247). On the other end, September was the most stable month, with a tight range of 0.2982 GNF (High: 24.7440 / Low: 24.4459).

December Spread (Volatile) ±13.2181

September Spread (Stable) ±0.2982

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 8.6057 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -8.6057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 47.6214) against the same month in 2022 (average: 87.5620), the exchange rate shifted by -39.9406 (-45.61%).

2023 Avg (January) 47.6214

2022 Avg (January) 87.5620

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.1162	46.0417	47.6214
February	46.3601	43.9381	45.0901
March	44.4505	41.3407	42.6582
April	41.5088	38.4150	39.9790
May	38.9267	35.9850	37.3923
June	36.0010	33.6166	34.7715
July	33.7230	31.3380	32.4097
August	31.2868	24.5279	27.0976
September	24.7440	24.4459	24.5924
October	24.7334	24.4282	24.5722
November	24.7125	23.8481	24.3483
December	23.8428	10.6247	15.7426