2023 GNF to MXN Historical Review

YEARLY HIGH

0.0023 MXN

YEARLY LOW

0.0019 MXN

YEARLY AVERAGE

0.0021 MXN

2023 GNF to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0023. Conversely, the yearly low was recorded on July 28, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0003 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0022 to the December average rate of 0.0020, the exchange rate registered a net change of -8.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0023 was down 6.16% compared to the 2022 peak of 0.0024, 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 11 MXN

2022 Average 11 MXN

Yearly Trough Low 10 MXN

Transaction Impact: A difference of 1.64 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0022

0.0019

JanuMarcMayJulySeptNove

GNF to MXN 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 0.0021, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0021

H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0002 MXN (High: 0.0022 / Low: 0.0020). On the other end, April was the most stable month, with a tight range of 0.0000 MXN (High: 0.0021 / Low: 0.0021).

March Spread (Volatile) ±0.0002

April 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 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0022) against the same month in 2022 (average: 0.0023), the exchange rate shifted by -0.0001 (-2.92%).

2023 Avg (January) 0.0022

2022 Avg (January) 0.0023

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0023	0.0021	0.0022
February	0.0022	0.0021	0.0022
March	0.0022	0.0020	0.0021
April	0.0021	0.0021	0.0021
May	0.0021	0.0020	0.0021
June	0.0020	0.0020	0.0020
July	0.0020	0.0019	0.0020
August	0.0020	0.0019	0.0020
September	0.0021	0.0020	0.0020
October	0.0021	0.0020	0.0021
November	0.0021	0.0020	0.0020
December	0.0020	0.0020	0.0020