2023 IDR to GNF Historical Review

YEARLY HIGH

0.5898 GNF

YEARLY LOW

0.5388 GNF

YEARLY AVERAGE

0.5657 GNF

2023 IDR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.5898. Conversely, the yearly low was recorded on October 28, dropping to 0.5388.

This high-to-low spread represents a total annual volatility of 0.0510 GNF. From a start-to-finish perspective, comparing the January average rate of 0.5687 to the December average rate of 0.5556, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5898 was down 9.92% compared to the 2022 peak of 0.6548, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 5,897,866 GNF

2022 Average 5,938,926 GNF

Yearly Trough Low 5,388,295 GNF

Transaction Impact: A difference of 509,570.36 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5845

0.5422

JanuMarcMayJulySeptNove

IDR 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 0.5733, compared to 0.5581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 0.5733

H2 Avg (Jul–Dec) 0.5581

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0335 GNF (High: 0.5877 / Low: 0.5542). On the other end, August was the most stable month, with a tight range of 0.0101 GNF (High: 0.5706 / Low: 0.5606).

January Spread (Volatile) ±0.0335

August Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0139 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5810) against the same month in 2022 (average: 0.6055), the exchange rate shifted by -0.0245 (-4.05%).

2023 Avg (May) 0.5810

2022 Avg (May) 0.6055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5877	0.5542	0.5687
February	0.5831	0.5627	0.5701
March	0.5779	0.5523	0.5647
April	0.5863	0.5731	0.5783
May	0.5898	0.5741	0.5810
June	0.5831	0.5713	0.5771
July	0.5760	0.5653	0.5716
August	0.5706	0.5606	0.5641
September	0.5641	0.5532	0.5597
October	0.5573	0.5388	0.5458
November	0.5608	0.5409	0.5521
December	0.5598	0.5496	0.5556