2023 EUR to GNF Historical Review

YEARLY HIGH

9702.8060 GNF

YEARLY LOW

9018.5046 GNF

YEARLY AVERAGE

9327.9230 GNF

2023 EUR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 9702.8060. Conversely, the yearly low was recorded on October 3, dropping to 9018.5046.

This high-to-low spread represents a total annual volatility of 684.3014 GNF. From a start-to-finish perspective, comparing the January average rate of 9349.2017 to the December average rate of 9396.3624, the exchange rate registered a net change of 0.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9702.8060 was down 8.52% compared to the 2022 peak of 10606.2088, 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 48,514,030 GNF

2022 Average 46,436,882 GNF

Yearly Trough Low 45,092,523 GNF

Transaction Impact: A difference of 3,421,507.24 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9561.2531

9044.0419

JanuMarcMayJulySeptNove

EUR 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 9340.7429, compared to 9315.1031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 25.6398 points.

H1 Avg (Jan–Jun) 9340.7429

H2 Avg (Jul–Dec) 9315.1031

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 500.8877 GNF (High: 9702.8060 / Low: 9201.9184). On the other end, October was the most stable month, with a tight range of 171.5645 GNF (High: 9190.0691 / Low: 9018.5046).

May Spread (Volatile) ±500.8877

October Spread (Stable) ±171.5645

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 206.2425 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -206.2425

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 9383.9335) against the same month in 2022 (average: 9337.5970), the exchange rate shifted by +46.3365 (+0.50%).

2023 Avg (May) 9383.9335

2022 Avg (May) 9337.5970

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9566.9228	9155.2427	9349.2017
February	9481.1472	9078.3290	9252.5751
March	9402.2593	9069.3026	9254.2916
April	9610.0784	9296.9849	9450.7744
May	9702.8060	9201.9184	9383.9335
June	9477.3748	9226.7173	9353.6814
July	9680.3958	9320.8995	9518.1521
August	9522.8036	9267.5741	9394.7757
September	9274.2997	9052.6039	9188.5332
October	9190.0691	9018.5046	9087.1428
November	9454.8313	9102.8406	9305.6523
December	9535.2804	9261.8356	9396.3624