2023 GIP to CZK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GIP to CZK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GIP to CZK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 28.6087. Conversely, the yearly low was recorded on April 16, dropping to 26.3114.
This high-to-low spread represents a total annual volatility of 2.2973 CZK. From a start-to-finish perspective, comparing the January average rate of 27.1881 to the December average rate of 28.4031, the exchange rate registered a net change of 4.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 28.6087 was down 8.13% compared to the 2022 peak of 31.1417, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GIP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GIP to CZK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 27.0230, compared to 28.1697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1467 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.1454 CZK (High: 27.4767 / Low: 26.3312). On the other end, December was the most stable month, with a tight range of 0.2453 CZK (High: 28.5223 / Low: 28.2770).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.4442 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 28.2902) against the same month in 2022 (average: 28.0954), the exchange rate shifted by +0.1949 (+0.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.4010 | 26.9680 | 27.1881 |
| February | 26.9756 | 26.5308 | 26.7438 |
| March | 27.4767 | 26.3312 | 26.8540 |
| April | 26.8540 | 26.3114 | 26.6093 |
| May | 27.6033 | 26.6900 | 27.1202 |
| June | 27.9415 | 27.3289 | 27.6228 |
| July | 28.0907 | 27.5938 | 27.8265 |
| August | 28.2626 | 27.8439 | 28.0818 |
| September | 28.6087 | 28.0553 | 28.2902 |
| October | 28.5325 | 28.1324 | 28.3161 |
| November | 28.3931 | 27.9456 | 28.1007 |
| December | 28.5223 | 28.2770 | 28.4031 |