2023 GMD to THB Historical Review

YEARLY HIGH

0.5982 THB

YEARLY LOW

0.5080 THB

YEARLY AVERAGE

0.5589 THB

2023 GMD to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 29, valuing the pair at 0.5982. Conversely, the yearly low was recorded on December 29, dropping to 0.5080.

This high-to-low spread represents a total annual volatility of 0.0903 THB. From a start-to-finish perspective, comparing the January average rate of 0.5354 to the December average rate of 0.5182, the exchange rate registered a net change of -3.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5982 was down 13.71% compared to the 2022 peak of 0.6933, 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 2,991 THB

2022 Average 3,168 THB

Yearly Trough Low 2,540 THB

Transaction Impact: A difference of 451.43 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5929

0.5114

JanuMarcMayJulySeptNove

GMD to THB 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 0.5607, compared to 0.5571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.5607

H2 Avg (Jul–Dec) 0.5571

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0453 THB (High: 0.5768 / Low: 0.5315). On the other end, June was the most stable month, with a tight range of 0.0177 THB (High: 0.5982 / Low: 0.5806).

February Spread (Volatile) ±0.0453

June Spread (Stable) ±0.0177

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0264 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0264

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.5862) against the same month in 2022 (average: 0.6458), the exchange rate shifted by -0.0597 (-9.24%).

2023 Avg (June) 0.5862

2022 Avg (June) 0.6458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5585	0.5235	0.5354
February	0.5768	0.5315	0.5577
March	0.5729	0.5483	0.5606
April	0.5701	0.5444	0.5527
May	0.5834	0.5571	0.5718
June	0.5982	0.5806	0.5862
July	0.5926	0.5705	0.5805
August	0.5863	0.5680	0.5784
September	0.5917	0.5565	0.5796
October	0.5698	0.5464	0.5561
November	0.5540	0.5152	0.5297
December	0.5297	0.5080	0.5182