2023 AZN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AZN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AZN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 5176.4706. Conversely, the yearly low was recorded on March 19, dropping to 4994.8491.
This high-to-low spread represents a total annual volatility of 181.6215 GNF. From a start-to-finish perspective, comparing the January average rate of 5097.9429 to the December average rate of 5060.0180, the exchange rate registered a net change of -0.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 5176.4706 was down 5.76% compared to the 2022 peak of 5492.6471, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AZN 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 5078.0536, compared to 5061.0169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.0367 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 181.6215 GNF (High: 5176.4706 / Low: 4994.8491). On the other end, May was the most stable month, with a tight range of 41.0629 GNF (High: 5091.1765 / Low: 5050.1136).
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 20.5151 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 5097.9429) against the same month in 2022 (average: 5351.0532), the exchange rate shifted by -253.1103 (-4.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5176.4706 | 5051.1957 | 5097.9429 |
| February | 5176.4706 | 5019.3909 | 5085.3863 |
| March | 5176.4706 | 4994.8491 | 5079.4717 |
| April | 5091.1765 | 5004.4976 | 5058.9566 |
| May | 5091.1765 | 5050.1136 | 5073.3156 |
| June | 5091.7647 | 5038.6259 | 5073.2486 |
| July | 5088.2353 | 5025.2596 | 5062.4803 |
| August | 5091.1765 | 5050.0429 | 5065.3222 |
| September | 5091.1765 | 5033.3288 | 5061.5749 |
| October | 5091.1765 | 5028.1861 | 5059.1457 |
| November | 5088.2353 | 5019.6847 | 5057.5607 |
| December | 5080.0391 | 5035.2941 | 5060.0180 |