2023 GTQ to CNY Historical Review

YEARLY HIGH

0.9352 CNY

YEARLY LOW

0.8538 CNY

YEARLY AVERAGE

0.9033 CNY

2023 GTQ to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 2, valuing the pair at 0.9352. Conversely, the yearly low was recorded on January 13, dropping to 0.8538.

This high-to-low spread represents a total annual volatility of 0.0814 CNY. From a start-to-finish perspective, comparing the January average rate of 0.8654 to the December average rate of 0.9089, the exchange rate registered a net change of 5.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9352 was down 0.02% compared to the 2022 peak of 0.9354, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GTQ based on timing:

Yearly Peak High 4,676 CNY

2022 Average 4,341 CNY

Yearly Trough Low 4,269 CNY

Transaction Impact: A difference of 406.89 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9342

0.8591

JanuMarcMayJulySeptNove

GTQ to CNY 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 0.8861, compared to 0.9206 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 0.8861

H2 Avg (Jul–Dec) 0.9206

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0361 CNY (High: 0.8912 / Low: 0.8551). On the other end, September was the most stable month, with a tight range of 0.0118 CNY (High: 0.9332 / Low: 0.9214).

February Spread (Volatile) ±0.0361

September Spread (Stable) ±0.0118

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0122 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.9211) against the same month in 2022 (average: 0.9180), the exchange rate shifted by +0.0031 (+0.33%).

2023 Avg (November) 0.9211

2022 Avg (November) 0.9180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8811	0.8538	0.8654
February	0.8912	0.8551	0.8738
March	0.8955	0.8754	0.8847
April	0.8974	0.8806	0.8840
May	0.9100	0.8826	0.8956
June	0.9246	0.9014	0.9132
July	0.9304	0.9040	0.9169
August	0.9301	0.9117	0.9215
September	0.9332	0.9214	0.9270
October	0.9350	0.9107	0.9280
November	0.9352	0.9038	0.9211
December	0.9169	0.9006	0.9089