2023 GMD to CNY Historical Review

YEARLY HIGH

0.1218 CNY

YEARLY LOW

0.1050 CNY

YEARLY AVERAGE

0.1137 CNY

2023 GMD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 0.1218. Conversely, the yearly low was recorded on December 14, dropping to 0.1050.

This high-to-low spread represents a total annual volatility of 0.0168 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1095 to the December average rate of 0.1057, the exchange rate registered a net change of -3.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1218 was down 6.71% compared to the 2022 peak of 0.1306, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 609 CNY

2022 Average 608 CNY

Yearly Trough Low 525 CNY

Transaction Impact: A difference of 84.24 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1220

0.1042

JanuMarcMayJulySeptNove

GMD to CNY 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 0.1137, compared to 0.1137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.1137

H2 Avg (Jul–Dec) 0.1137

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0090 CNY (High: 0.1213 / Low: 0.1123). On the other end, December was the most stable month, with a tight range of 0.0015 CNY (High: 0.1065 / Low: 0.1050).

September Spread (Volatile) ±0.0090

December Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between April and July, 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 September and October, when the average rate fell by 0.0072 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1203) against the same month in 2022 (average: 0.1238), the exchange rate shifted by -0.0035 (-2.83%).

2023 Avg (June) 0.1203

2022 Avg (June) 0.1238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1115	0.1078	0.1095
February	0.1139	0.1094	0.1120
March	0.1139	0.1105	0.1123
April	0.1153	0.1103	0.1114
May	0.1194	0.1148	0.1169
June	0.1218	0.1189	0.1203
July	0.1218	0.1184	0.1205
August	0.1205	0.1180	0.1195
September	0.1213	0.1123	0.1181
October	0.1122	0.1093	0.1109
November	0.1125	0.1051	0.1077
December	0.1065	0.1050	0.1057