2023 HNL to GNF Historical Review

YEARLY HIGH

357.3591 GNF

YEARLY LOW

343.8392 GNF

YEARLY AVERAGE

349.4727 GNF

2023 HNL to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 357.3591. Conversely, the yearly low was recorded on September 6, dropping to 343.8392.

This high-to-low spread represents a total annual volatility of 13.5199 GNF. From a start-to-finish perspective, comparing the January average rate of 351.3622 to the December average rate of 348.0781, the exchange rate registered a net change of -0.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 357.3591 was down 6.49% compared to the 2022 peak of 382.1721, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,786,795 GNF

2022 Average 1,789,731 GNF

Yearly Trough Low 1,719,196 GNF

Transaction Impact: A difference of 67,599.52 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

351.7627

346.9561

JanuMarcMayJulySeptNove

HNL 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 350.3715, compared to 348.5739 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7976 points.

H1 Avg (Jan–Jun) 350.3715

H2 Avg (Jul–Dec) 348.5739

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 9.1120 GNF (High: 356.8532 / Low: 347.7412). On the other end, December was the most stable month, with a tight range of 2.9911 GNF (High: 348.8497 / Low: 345.8586).

March Spread (Volatile) ±9.1120

December Spread (Stable) ±2.9911

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 August and September, when the average rate fell by 2.4230 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.4230

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 350.6870) against the same month in 2022 (average: 366.6288), the exchange rate shifted by -15.9418 (-4.35%).

2023 Avg (February) 350.6870

2022 Avg (February) 366.6288

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	356.7085	349.0366	351.3622
February	357.3591	348.6064	350.6870
March	356.8532	347.7412	350.6423
April	351.6260	348.4243	349.8165
May	353.0846	348.5615	350.2044
June	353.5227	347.8706	349.5167
July	354.0865	346.2992	349.5016
August	354.2070	345.8552	349.7796
September	351.8267	343.8392	347.3567
October	350.2130	344.7476	348.1872
November	353.1519	347.2011	348.5404
December	348.8497	345.8586	348.0781