2023 CNY to GNF Historical Review

YEARLY HIGH

1309.8613 GNF

YEARLY LOW

1170.6589 GNF

YEARLY AVERAGE

1219.3948 GNF

2023 CNY to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 1309.8613. Conversely, the yearly low was recorded on September 7, dropping to 1170.6589.

This high-to-low spread represents a total annual volatility of 139.2023 GNF. From a start-to-finish perspective, comparing the January average rate of 1276.1258 to the December average rate of 1208.4424, the exchange rate registered a net change of -5.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1309.8613 was down 10.84% compared to the 2022 peak of 1469.0612, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 32,746,531 GNF

2022 Average 32,801,259 GNF

Yearly Trough Low 29,266,473 GNF

Transaction Impact: A difference of 3,480,058.72 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1285.7488

1170.2725

JanuMarcMayJulySeptNove

CNY 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 1246.8755, compared to 1191.9141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 54.9615 points.

H1 Avg (Jan–Jun) 1246.8755

H2 Avg (Jul–Dec) 1191.9141

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 60.2776 GNF (High: 1309.8613 / Low: 1249.5837). On the other end, September was the most stable month, with a tight range of 19.1463 GNF (High: 1189.8052 / Low: 1170.6589).

January Spread (Volatile) ±60.2776

September Spread (Stable) ±19.1463

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 28.5473 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -28.5473

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1276.1258) against the same month in 2022 (average: 1431.2346), the exchange rate shifted by -155.1088 (-10.84%).

2023 Avg (January) 1276.1258

2022 Avg (January) 1431.2346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1309.8613	1249.5837	1276.1258
February	1296.1763	1236.6342	1263.3360
March	1273.9960	1232.9021	1253.0517
April	1259.5503	1230.8337	1248.8250
May	1252.4238	1211.6739	1234.2309
June	1221.6122	1187.3194	1205.6836
July	1214.1567	1177.9783	1197.6797
August	1211.9982	1177.6991	1189.4737
September	1189.8052	1170.6589	1179.8956
October	1200.6114	1171.7083	1182.3065
November	1214.6246	1172.2158	1193.6864
December	1219.6973	1197.6581	1208.4424