2023 GMD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 16, valuing the pair at 329.6970. Conversely, the yearly low was recorded on January 23, dropping to 269.9208.
This high-to-low spread represents a total annual volatility of 59.7762 LAK. From a start-to-finish perspective, comparing the January average rate of 273.9176 to the December average rate of 306.6661, the exchange rate registered a net change of 11.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 329.6970 was up 8.02% compared to the 2022 peak of 305.2302, 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 LAK 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 284.1520, compared to 315.6176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 31.4655 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 20.6287 LAK (High: 329.6970 / Low: 309.0684). On the other end, December was the most stable month, with a tight range of 3.5740 LAK (High: 308.6358 / Low: 305.0618).
Growth Streaks & Declines
TrendsBetween March and September, 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 September and October, when the average rate fell by 8.5878 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 322.5123) against the same month in 2022 (average: 290.0891), the exchange rate shifted by +32.4232 (+11.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 280.0072 | 269.9208 | 273.9176 |
| February | 278.6560 | 273.1855 | 276.1862 |
| March | 276.9043 | 270.6490 | 274.9113 |
| April | 289.2410 | 272.6729 | 277.2457 |
| May | 298.1197 | 288.1791 | 293.6388 |
| June | 317.9968 | 297.5580 | 309.0126 |
| July | 323.4506 | 314.9454 | 320.3469 |
| August | 323.1203 | 316.1424 | 320.9145 |
| September | 329.6970 | 309.0684 | 322.5123 |
| October | 317.7339 | 311.1348 | 313.9245 |
| November | 318.6183 | 306.7537 | 309.3413 |
| December | 308.6358 | 305.0618 | 306.6661 |