2023 GNF to XAF Historical Review

YEARLY HIGH

0.0727 XAF

YEARLY LOW

0.0676 XAF

YEARLY AVERAGE

0.0703 XAF

2023 GNF to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0727. Conversely, the yearly low was recorded on May 6, dropping to 0.0676.

This high-to-low spread represents a total annual volatility of 0.0051 XAF. From a start-to-finish perspective, comparing the January average rate of 0.0702 to the December average rate of 0.0698, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0727 was down 7.62% compared to the 2022 peak of 0.0787, 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 364 XAF

2022 Average 355 XAF

Yearly Trough Low 338 XAF

Transaction Impact: A difference of 25.65 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0725

0.0686

JanuMarcMayJulySeptNove

GNF to XAF 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 0.0702, compared to 0.0704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0702

H2 Avg (Jul–Dec) 0.0704

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0037 XAF (High: 0.0713 / Low: 0.0676). On the other end, October was the most stable month, with a tight range of 0.0014 XAF (High: 0.0727 / Low: 0.0714).

May Spread (Volatile) ±0.0037

October Spread (Stable) ±0.0014

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 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0722) against the same month in 2022 (average: 0.0768), the exchange rate shifted by -0.0046 (-6.03%).

2023 Avg (October) 0.0722

2022 Avg (October) 0.0768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0716	0.0686	0.0702
February	0.0723	0.0692	0.0709
March	0.0723	0.0698	0.0709
April	0.0706	0.0683	0.0694
May	0.0713	0.0676	0.0699
June	0.0711	0.0692	0.0701
July	0.0704	0.0678	0.0689
August	0.0708	0.0689	0.0698
September	0.0725	0.0707	0.0714
October	0.0727	0.0714	0.0722
November	0.0721	0.0694	0.0705
December	0.0708	0.0688	0.0698