2023 GMD to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 1.6560. Conversely, the yearly low was recorded on January 15, dropping to 1.0616.
This high-to-low spread represents a total annual volatility of 0.5944 RUB. From a start-to-finish perspective, comparing the January average rate of 1.1281 to the December average rate of 1.3520, the exchange rate registered a net change of 19.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.6560 was down 38.13% compared to the 2022 peak of 2.6767, 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 RUB 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 1.2686, compared to 1.4755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2069 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.1525 RUB (High: 1.6271 / Low: 1.4746). On the other end, March was the most stable month, with a tight range of 0.0429 RUB (High: 1.2638 / Low: 1.2209).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1248 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 1.5819) against the same month in 2022 (average: 1.1186), the exchange rate shifted by +0.4633 (+41.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.1897 | 1.0616 | 1.1281 |
| February | 1.2441 | 1.1352 | 1.2034 |
| March | 1.2638 | 1.2209 | 1.2437 |
| April | 1.3420 | 1.2474 | 1.3098 |
| May | 1.3648 | 1.2716 | 1.3243 |
| June | 1.4916 | 1.3564 | 1.4022 |
| July | 1.5429 | 1.4769 | 1.5192 |
| August | 1.6560 | 1.5306 | 1.5819 |
| September | 1.6271 | 1.4746 | 1.5661 |
| October | 1.5431 | 1.4137 | 1.4793 |
| November | 1.4339 | 1.3124 | 1.3545 |
| December | 1.3793 | 1.3141 | 1.3520 |