2023 GNF to IDR Historical Review

YEARLY HIGH

1.8559 IDR

YEARLY LOW

1.6955 IDR

YEARLY AVERAGE

1.7684 IDR

2023 GNF to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 1.8559. Conversely, the yearly low was recorded on May 6, dropping to 1.6955.

This high-to-low spread represents a total annual volatility of 0.1603 IDR. From a start-to-finish perspective, comparing the January average rate of 1.7588 to the December average rate of 1.7999, the exchange rate registered a net change of 2.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8559 was up 0.82% compared to the 2022 peak of 1.8409, 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 9,279 IDR

2022 Average 8,437 IDR

Yearly Trough Low 8,478 IDR

Transaction Impact: A difference of 801.73 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8436

1.7103

JanuMarcMayJulySeptNove

GNF to IDR 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 1.7447, compared to 1.7922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0475 points.

H1 Avg (Jan–Jun) 1.7447

H2 Avg (Jul–Dec) 1.7922

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1029 IDR (High: 1.8043 / Low: 1.7014). On the other end, August was the most stable month, with a tight range of 0.0314 IDR (High: 1.7839 / Low: 1.7525).

January Spread (Volatile) ±0.1029

August Spread (Stable) ±0.0314

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0421 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0421

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.8325) against the same month in 2022 (average: 1.7778), the exchange rate shifted by +0.0547 (+3.08%).

2023 Avg (October) 1.8325

2022 Avg (October) 1.7778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8043	1.7014	1.7588
February	1.7773	1.7150	1.7543
March	1.8106	1.7305	1.7713
April	1.7448	1.7057	1.7292
May	1.7418	1.6955	1.7214
June	1.7505	1.7149	1.7329
July	1.7690	1.7360	1.7496
August	1.7839	1.7525	1.7729
September	1.8076	1.7726	1.7869
October	1.8559	1.7945	1.8325
November	1.8487	1.7832	1.8114
December	1.8196	1.7863	1.7999