2023 IDR to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 IDR to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the IDR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 0.0044. Conversely, the yearly low was recorded on July 6, dropping to 0.0039.
This high-to-low spread represents a total annual volatility of 0.0005 GMD. From a start-to-finish perspective, comparing the January average rate of 0.0041 to the December average rate of 0.0044, the exchange rate registered a net change of 6.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 0.0044 was up 8.14% compared to the 2022 peak of 0.0041, indicating shifts in long-term support levels.
Comparing the value generated converting 10,000,000 IDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
IDR to GMD 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 0.0040, compared to 0.0041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.0003 GMD (High: 0.0044 / Low: 0.0041). On the other end, June was the most stable month, with a tight range of 0.0001 GMD (High: 0.0040 / Low: 0.0040).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 0.0044) against the same month in 2022 (average: 0.0040), the exchange rate shifted by +0.0004 (+9.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0042 | 0.0040 | 0.0041 |
| February | 0.0041 | 0.0040 | 0.0040 |
| March | 0.0042 | 0.0039 | 0.0040 |
| April | 0.0042 | 0.0041 | 0.0042 |
| May | 0.0041 | 0.0040 | 0.0040 |
| June | 0.0040 | 0.0040 | 0.0040 |
| July | 0.0040 | 0.0039 | 0.0040 |
| August | 0.0040 | 0.0039 | 0.0040 |
| September | 0.0042 | 0.0039 | 0.0040 |
| October | 0.0042 | 0.0041 | 0.0042 |
| November | 0.0044 | 0.0041 | 0.0043 |
| December | 0.0044 | 0.0043 | 0.0044 |