2023 GTQ to INR Historical Review

YEARLY HIGH

10.7318 INR

YEARLY LOW

10.3165 INR

YEARLY AVERAGE

10.5461 INR

2023 GTQ to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 10.7318. Conversely, the yearly low was recorded on January 22, dropping to 10.3165.

This high-to-low spread represents a total annual volatility of 0.4154 INR. From a start-to-finish perspective, comparing the January average rate of 10.4133 to the December average rate of 10.6284, the exchange rate registered a net change of 2.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.7318 was up 0.79% compared to the 2022 peak of 10.6477, 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 53,659 INR

2022 Average 50,699 INR

Yearly Trough Low 51,582 INR

Transaction Impact: A difference of 2,076.81 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6679

10.3902

JanuMarcMayJulySeptNove

GTQ to INR 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 10.5130, compared to 10.5793 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0662 points.

H1 Avg (Jan–Jun) 10.5130

H2 Avg (Jul–Dec) 10.5793

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2720 INR (High: 10.7318 / Low: 10.4598). On the other end, November was the most stable month, with a tight range of 0.0932 INR (High: 10.6951 / Low: 10.6018).

March Spread (Volatile) ±0.2720

November Spread (Stable) ±0.0932

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0608 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 10.5555) against the same month in 2022 (average: 9.8951), the exchange rate shifted by +0.6603 (+6.67%).

2023 Avg (March) 10.5555

2022 Avg (March) 9.8951

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5481	10.3165	10.4133
February	10.6371	10.3945	10.5502
March	10.7318	10.4598	10.5555
April	10.6131	10.4742	10.5198
May	10.6507	10.4382	10.5501
June	10.5561	10.4471	10.4893
July	10.6159	10.4285	10.4861
August	10.6230	10.4633	10.5438
September	10.5987	10.4987	10.5561
October	10.6628	10.5414	10.6164
November	10.6951	10.6018	10.6448
December	10.6584	10.5422	10.6284