2023 BND to GNF Historical Review

YEARLY HIGH

6696.2621 GNF

YEARLY LOW

6248.9964 GNF

YEARLY AVERAGE

6420.6297 GNF

2023 BND to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 6696.2621. Conversely, the yearly low was recorded on October 21, dropping to 6248.9964.

This high-to-low spread represents a total annual volatility of 447.2657 GNF. From a start-to-finish perspective, comparing the January average rate of 6531.4944 to the December average rate of 6456.6656, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6696.2621 was down 3.15% compared to the 2022 peak of 6914.0445, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,481,311 GNF

2022 Average 31,954,544 GNF

Yearly Trough Low 31,244,982 GNF

Transaction Impact: A difference of 2,236,328.60 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6556.2711

6258.9508

JanuMarcMayJulySeptNove

BND 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 6464.4363, compared to 6376.8232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 87.6131 points.

H1 Avg (Jan–Jun) 6464.4363

H2 Avg (Jul–Dec) 6376.8232

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 285.1586 GNF (High: 6649.5943 / Low: 6364.4357). On the other end, October was the most stable month, with a tight range of 73.2424 GNF (High: 6322.2388 / Low: 6248.9964).

February Spread (Volatile) ±285.1586

October Spread (Stable) ±73.2424

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 73.8349 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -73.8349

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 6531.4944) against the same month in 2022 (average: 6735.6752), the exchange rate shifted by -204.1808 (-3.03%).

2023 Avg (January) 6531.4944

2022 Avg (January) 6735.6752

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6696.2621	6425.3498	6531.4944
February	6649.5943	6364.4357	6491.4422
March	6535.6710	6354.5833	6446.5588
April	6523.9857	6419.3828	6465.5674
May	6534.7880	6351.9863	6441.9593
June	6477.2999	6358.2966	6409.5955
July	6524.0858	6337.5238	6450.0671
August	6489.4849	6326.7193	6376.2322
September	6359.9214	6279.7044	6316.1600
October	6322.2388	6248.9964	6283.7274
November	6457.7558	6285.9364	6378.0866
December	6517.1212	6399.6934	6456.6656