2023 GTQ to GNF Historical Review

YEARLY HIGH

1126.4637 GNF

YEARLY LOW

1090.0514 GNF

YEARLY AVERAGE

1100.7911 GNF

2023 GTQ to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 1126.4637. Conversely, the yearly low was recorded on September 11, dropping to 1090.0514.

This high-to-low spread represents a total annual volatility of 36.4123 GNF. From a start-to-finish perspective, comparing the January average rate of 1104.2782 to the December average rate of 1098.2854, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1126.4637 was down 6.86% compared to the 2022 peak of 1209.4469, 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 5,632,319 GNF

2022 Average 5,682,545 GNF

Yearly Trough Low 5,450,257 GNF

Transaction Impact: A difference of 182,061.50 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1110.0030

1092.2674

JanuMarcMayJulySeptNove

GTQ to GNF 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 1104.4805, compared to 1097.1018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.3787 points.

H1 Avg (Jan–Jun) 1104.4805

H2 Avg (Jul–Dec) 1097.1018

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 34.1167 GNF (High: 1124.2950 / Low: 1090.1784). On the other end, December was the most stable month, with a tight range of 7.5870 GNF (High: 1100.3025 / Low: 1092.7155).

February Spread (Volatile) ±34.1167

December Spread (Stable) ±7.5870

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.5708 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.5708

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1108.5250) against the same month in 2022 (average: 1161.1244), the exchange rate shifted by -52.5993 (-4.53%).

2023 Avg (March) 1108.5250

2022 Avg (March) 1161.1244

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1120.7354	1096.8342	1104.2782
February	1124.2950	1090.1784	1103.7839
March	1126.4637	1102.4086	1108.5250
April	1111.4455	1099.1495	1103.9543
May	1112.4698	1099.2978	1105.3173
June	1107.4004	1095.6150	1101.0244
July	1103.2909	1095.3105	1098.0930
August	1108.6712	1092.7690	1096.0219
September	1101.0625	1090.0514	1093.7454
October	1103.4717	1092.6215	1097.0998
November	1104.4051	1096.2400	1099.3654
December	1100.3025	1092.7155	1098.2854