2023 GNF to KES Historical Review

YEARLY HIGH

0.0183 KES

YEARLY LOW

0.0141 KES

YEARLY AVERAGE

0.0162 KES

2023 GNF to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0183. Conversely, the yearly low was recorded on January 5, dropping to 0.0141.

This high-to-low spread represents a total annual volatility of 0.0042 KES. From a start-to-finish perspective, comparing the January average rate of 0.0143 to the December average rate of 0.0180, the exchange rate registered a net change of 25.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0183 was up 28.08% compared to the 2022 peak of 0.0143, 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 91 KES

2022 Average 67 KES

Yearly Trough Low 70 KES

Transaction Impact: A difference of 20.95 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0183

0.0139

JanuMarcMayJulySeptNove

GNF to KES 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 0.0153, compared to 0.0172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0153

H2 Avg (Jul–Dec) 0.0172

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0008 KES (High: 0.0153 / Low: 0.0145). On the other end, October was the most stable month, with a tight range of 0.0004 KES (High: 0.0176 / Low: 0.0172).

March Spread (Volatile) ±0.0008

October Spread (Stable) ±0.0004

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: 0.0180) against the same month in 2022 (average: 0.0141), the exchange rate shifted by +0.0038 (+26.91%).

2023 Avg (December) 0.0180

2022 Avg (December) 0.0141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0145	0.0141	0.0143
February	0.0148	0.0142	0.0145
March	0.0153	0.0145	0.0150
April	0.0160	0.0153	0.0156
May	0.0161	0.0157	0.0159
June	0.0164	0.0159	0.0162
July	0.0166	0.0162	0.0164
August	0.0169	0.0165	0.0167
September	0.0172	0.0168	0.0171
October	0.0176	0.0172	0.0174
November	0.0179	0.0175	0.0177
December	0.0183	0.0177	0.0180