2023 GMD to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 1.3908. Conversely, the yearly low was recorded on December 28, dropping to 1.2312.
This high-to-low spread represents a total annual volatility of 0.1596 INR. From a start-to-finish perspective, comparing the January average rate of 1.3176 to the December average rate of 1.2359, the exchange rate registered a net change of -6.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.3908 was down 6.70% compared to the 2022 peak of 1.4907, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GMD to INR 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 1.3490, compared to 1.3065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0424 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.0988 INR (High: 1.3762 / Low: 1.2774). On the other end, December was the most stable month, with a tight range of 0.0084 INR (High: 1.2396 / Low: 1.2312).
Growth Streaks & Declines
TrendsBetween April and June, 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 September and October, when the average rate fell by 0.0761 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 1.3772) against the same month in 2022 (average: 1.4332), the exchange rate shifted by -0.0560 (-3.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3357 | 1.2987 | 1.3176 |
| February | 1.3573 | 1.3265 | 1.3524 |
| March | 1.3500 | 1.3206 | 1.3397 |
| April | 1.3636 | 1.3113 | 1.3252 |
| May | 1.3908 | 1.3576 | 1.3772 |
| June | 1.3898 | 1.3749 | 1.3815 |
| July | 1.3887 | 1.3707 | 1.3781 |
| August | 1.3747 | 1.3565 | 1.3673 |
| September | 1.3762 | 1.2774 | 1.3445 |
| October | 1.2899 | 1.2578 | 1.2684 |
| November | 1.2798 | 1.2345 | 1.2449 |
| December | 1.2396 | 1.2312 | 1.2359 |