2023 GNF to AFN Historical Review

YEARLY HIGH

0.0106 AFN

YEARLY LOW

0.0080 AFN

YEARLY AVERAGE

0.0096 AFN

2023 GNF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.0106. Conversely, the yearly low was recorded on November 18, dropping to 0.0080.

This high-to-low spread represents a total annual volatility of 0.0026 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0103 to the December average rate of 0.0081, the exchange rate registered a net change of -20.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0106 was down 8.79% compared to the 2022 peak of 0.0116, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GNF based on timing:

Yearly Peak High 53 AFN

2022 Average 51 AFN

Yearly Trough Low 40 AFN

Transaction Impact: A difference of 12.88 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0106

0.0079

JanuMarcMayJulySeptNove

GNF to AFN 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 0.0102, compared to 0.0090 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0090

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0010 AFN (High: 0.0095 / Low: 0.0085). On the other end, December was the most stable month, with a tight range of 0.0002 AFN (High: 0.0082 / Low: 0.0081).

September Spread (Volatile) ±0.0010

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0007 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0101) against the same month in 2022 (average: 0.0098), the exchange rate shifted by +0.0002 (+2.45%).

2023 Avg (April) 0.0101

2022 Avg (April) 0.0098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0104	0.0101	0.0103
February	0.0105	0.0101	0.0104
March	0.0103	0.0099	0.0101
April	0.0106	0.0099	0.0101
May	0.0103	0.0100	0.0101
June	0.0101	0.0099	0.0101
July	0.0102	0.0099	0.0101
August	0.0100	0.0095	0.0098
September	0.0095	0.0085	0.0091
October	0.0091	0.0085	0.0088
November	0.0087	0.0080	0.0083
December	0.0082	0.0081	0.0081