2023 GNF to ARS Historical Review

YEARLY HIGH

0.0941 ARS

YEARLY LOW

0.0204 ARS

YEARLY AVERAGE

0.0343 ARS

2023 GNF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0941. Conversely, the yearly low was recorded on January 1, dropping to 0.0204.

This high-to-low spread represents a total annual volatility of 0.0738 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0210 to the December average rate of 0.0735, the exchange rate registered a net change of 249.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0941 was up 362.02% compared to the 2022 peak of 0.0204, 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 471 ARS

2022 Average 74 ARS

Yearly Trough Low 102 ARS

Transaction Impact: A difference of 368.80 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0787

0.0158

JanuMarcMayJulySeptNove

GNF to ARS 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 0.0245, compared to 0.0440 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0195 points.

H1 Avg (Jan–Jun) 0.0245

H2 Avg (Jul–Dec) 0.0440

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0522 ARS (High: 0.0941 / Low: 0.0419). On the other end, September was the most stable month, with a tight range of 0.0005 ARS (High: 0.0409 / Low: 0.0404).

December Spread (Volatile) ±0.0522

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0735) against the same month in 2022 (average: 0.0198), the exchange rate shifted by +0.0537 (+270.79%).

2023 Avg (December) 0.0735

2022 Avg (December) 0.0198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0217	0.0204	0.0210
February	0.0228	0.0216	0.0222
March	0.0242	0.0225	0.0235
April	0.0260	0.0241	0.0250
May	0.0278	0.0257	0.0268
June	0.0297	0.0278	0.0288
July	0.0319	0.0297	0.0309
August	0.0408	0.0320	0.0373
September	0.0409	0.0404	0.0407
October	0.0409	0.0404	0.0407
November	0.0419	0.0405	0.0411
December	0.0941	0.0419	0.0735