2023 EUR to GBP Historical Review

YEARLY HIGH

0.8969 GBP

YEARLY LOW

0.8516 GBP

YEARLY AVERAGE

0.8704 GBP

2023 EUR to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.8969. Conversely, the yearly low was recorded on July 11, dropping to 0.8516.

This high-to-low spread represents a total annual volatility of 0.0453 GBP. From a start-to-finish perspective, comparing the January average rate of 0.8811 to the December average rate of 0.8624, the exchange rate registered a net change of -2.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8969 was down 0.06% compared to the 2022 peak of 0.8974, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,484 GBP

2022 Average 4,264 GBP

Yearly Trough Low 4,258 GBP

Transaction Impact: A difference of 226.52 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8900

0.8552

JanuMarcMayJulySeptNove

EUR to GBP 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 0.8773, compared to 0.8635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0138 points.

H1 Avg (Jan–Jun) 0.8773

H2 Avg (Jul–Dec) 0.8635

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0277 GBP (High: 0.8870 / Low: 0.8593). On the other end, October was the most stable month, with a tight range of 0.0105 GBP (High: 0.8731 / Low: 0.8626).

May Spread (Volatile) ±0.0277

October Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0139 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.8871) against the same month in 2022 (average: 0.8381), the exchange rate shifted by +0.0491 (+5.85%).

2023 Avg (February) 0.8871

2022 Avg (February) 0.8381

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8890	0.8742	0.8811
February	0.8969	0.8790	0.8871
March	0.8919	0.8733	0.8827
April	0.8938	0.8749	0.8829
May	0.8870	0.8593	0.8720
June	0.8634	0.8528	0.8581
July	0.8661	0.8516	0.8586
August	0.8667	0.8520	0.8590
September	0.8713	0.8532	0.8621
October	0.8731	0.8626	0.8682
November	0.8764	0.8625	0.8707
December	0.8692	0.8564	0.8624