2023 GNF to BWP Historical Review

YEARLY HIGH

0.0016 BWP

YEARLY LOW

0.0014 BWP

YEARLY AVERAGE

0.0015 BWP

2023 GNF to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0016. Conversely, the yearly low was recorded on January 13, dropping to 0.0014.

This high-to-low spread represents a total annual volatility of 0.0002 BWP. From a start-to-finish perspective, comparing the January average rate of 0.0015 to the December average rate of 0.0016, the exchange rate registered a net change of 6.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0016 was up 3.33% compared to the 2022 peak of 0.0016, 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 8 BWP

2022 Average 7 BWP

Yearly Trough Low 7 BWP

Transaction Impact: A difference of 0.87 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0016

0.0015

JanuMarcMayJulySeptNove

GNF to BWP 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 0.0015, compared to 0.0016 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0015

H2 Avg (Jul–Dec) 0.0016

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0001 BWP (High: 0.0015 / Low: 0.0015). On the other end, September was the most stable month, with a tight range of 0.0000 BWP (High: 0.0016 / Low: 0.0016).

February Spread (Volatile) ±0.0001

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0016) against the same month in 2022 (average: 0.0015), the exchange rate shifted by +0.0001 (+3.66%).

2023 Avg (October) 0.0016

2022 Avg (October) 0.0015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0015	0.0014	0.0015
February	0.0015	0.0015	0.0015
March	0.0015	0.0015	0.0015
April	0.0015	0.0015	0.0015
May	0.0016	0.0015	0.0016
June	0.0016	0.0015	0.0016
July	0.0016	0.0015	0.0015
August	0.0016	0.0015	0.0016
September	0.0016	0.0016	0.0016
October	0.0016	0.0016	0.0016
November	0.0016	0.0016	0.0016
December	0.0016	0.0016	0.0016