2023 HUF to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HUF to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HUF to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 25.9056. Conversely, the yearly low was recorded on March 18, dropping to 22.7672.
This high-to-low spread represents a total annual volatility of 3.1384 GNF. From a start-to-finish perspective, comparing the January average rate of 23.6818 to the December average rate of 24.6098, the exchange rate registered a net change of 3.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.9056 was down 12.12% compared to the 2022 peak of 29.4771, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HUF to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.5454, compared to 24.3300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2154 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.0531 GNF (High: 24.8203 / Low: 22.7672). On the other end, August was the most stable month, with a tight range of 0.6419 GNF (High: 24.7412 / Low: 24.0993).
Growth Streaks & Declines
TrendsBetween March and June, 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 July and August, when the average rate fell by 0.6995 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 25.0967) against the same month in 2022 (average: 21.9894), the exchange rate shifted by +3.1073 (+14.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5157 | 22.8747 | 23.6818 |
| February | 24.8717 | 23.6247 | 24.0579 |
| March | 24.8203 | 22.7672 | 24.0235 |
| April | 25.4844 | 24.4138 | 25.1091 |
| May | 25.6406 | 24.7140 | 25.1660 |
| June | 25.6226 | 24.9177 | 25.2341 |
| July | 25.9056 | 24.3429 | 25.0967 |
| August | 24.7412 | 24.0993 | 24.3972 |
| September | 24.2565 | 23.0583 | 23.7638 |
| October | 24.0723 | 23.1374 | 23.5676 |
| November | 25.0531 | 23.7807 | 24.5448 |
| December | 24.9379 | 24.1694 | 24.6098 |