2023 CAD to GNF Historical Review

YEARLY HIGH

6597.9381 GNF

YEARLY LOW

6165.8087 GNF

YEARLY AVERAGE

6384.9075 GNF

2023 CAD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 6597.9381. Conversely, the yearly low was recorded on March 18, dropping to 6165.8087.

This high-to-low spread represents a total annual volatility of 432.1295 GNF. From a start-to-finish perspective, comparing the January average rate of 6458.0437 to the December average rate of 6414.8444, the exchange rate registered a net change of -0.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6597.9381 was down 10.56% compared to the 2022 peak of 7377.0816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32,989,691 GNF

2022 Average 33,865,407 GNF

Yearly Trough Low 30,829,043 GNF

Transaction Impact: A difference of 2,160,647.33 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6529.1818

6248.4733

JanuMarcMayJulySeptNove

CAD 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 6402.7039, compared to 6367.1112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 35.5927 points.

H1 Avg (Jan–Jun) 6402.7039

H2 Avg (Jul–Dec) 6367.1112

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 295.9896 GNF (High: 6461.7983 / Low: 6165.8087). On the other end, July was the most stable month, with a tight range of 130.9953 GNF (High: 6574.1498 / Low: 6443.1545).

March Spread (Volatile) ±295.9896

July Spread (Stable) ±130.9953

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 119.8384 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -119.8384

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 6458.0437) against the same month in 2022 (average: 7203.1090), the exchange rate shifted by -745.0653 (-10.34%).

2023 Avg (January) 6458.0437

2022 Avg (January) 7203.1090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6597.9381	6349.1433	6458.0437
February	6558.3818	6307.7185	6424.2509
March	6461.7983	6165.8087	6304.4124
April	6458.2700	6273.4968	6362.8708
May	6448.2156	6316.1477	6375.2186
June	6555.6057	6390.5179	6491.4269
July	6574.1498	6443.1545	6505.7894
August	6499.6081	6307.6837	6386.0069
September	6415.6258	6270.0884	6350.2805
October	6351.4893	6175.9573	6271.8656
November	6340.9824	6202.6340	6273.8803
December	6507.0557	6326.3627	6414.8444