2023 GNF to ZAR Historical Review

YEARLY HIGH

0.0023 ZAR

YEARLY LOW

0.0019 ZAR

YEARLY AVERAGE

0.0021 ZAR

2023 GNF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0023. Conversely, the yearly low was recorded on January 13, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0004 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0020 to the December average rate of 0.0022, the exchange rate registered a net change of 9.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0023 was up 7.76% compared to the 2022 peak of 0.0021, 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 ZAR

2022 Average 9 ZAR

Yearly Trough Low 10 ZAR

Transaction Impact: A difference of 1.91 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0022

0.0019

JanuMarcMayJulySeptNove

GNF to ZAR 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 0.0022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0021

H2 Avg (Jul–Dec) 0.0022

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0002 ZAR (High: 0.0023 / Low: 0.0021). On the other end, September was the most stable month, with a tight range of 0.0001 ZAR (High: 0.0022 / Low: 0.0022).

June Spread (Volatile) ±0.0002

September Spread (Stable) ±0.0001

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 (May 2023: 0.0022) against the same month in 2022 (average: 0.0018), the exchange rate shifted by +0.0004 (+23.02%).

2023 Avg (May) 0.0022

2022 Avg (May) 0.0018

Monthly Breakdown

Statistical summary for each calendar month.

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