2023 GMD to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 122.4018. Conversely, the yearly low was recorded on December 29, dropping to 108.2099.
This high-to-low spread represents a total annual volatility of 14.1919 PYG. From a start-to-finish perspective, comparing the January average rate of 118.9260 to the December average rate of 109.2535, the exchange rate registered a net change of -8.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 122.4018 was down 8.85% compared to the 2022 peak of 134.2896, 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 PYG 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 118.9440, compared to 115.3949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.5491 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 8.4428 PYG (High: 120.4877 / Low: 112.0448). On the other end, June was the most stable month, with a tight range of 1.3600 PYG (High: 122.4018 / Low: 121.0418).
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 5.4416 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 121.8913) against the same month in 2022 (average: 126.9079), the exchange rate shifted by -5.0165 (-3.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 121.4090 | 117.6249 | 118.9260 |
| February | 120.9184 | 118.5807 | 119.5041 |
| March | 119.6838 | 114.9818 | 117.0994 |
| April | 120.8581 | 114.3003 | 115.7659 |
| May | 121.5214 | 119.0731 | 120.4773 |
| June | 122.4018 | 121.0418 | 121.8913 |
| July | 122.3417 | 120.9489 | 121.7678 |
| August | 120.7865 | 119.3629 | 120.0353 |
| September | 120.4877 | 112.0448 | 117.7823 |
| October | 114.5940 | 111.1352 | 112.3407 |
| November | 114.8078 | 109.9637 | 111.1896 |
| December | 110.5825 | 108.2099 | 109.2535 |