2023 INR to GMD Historical Review

YEARLY HIGH

0.8122 GMD

YEARLY LOW

0.7190 GMD

YEARLY AVERAGE

0.7543 GMD

2023 INR to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.8122. Conversely, the yearly low was recorded on May 23, dropping to 0.7190.

This high-to-low spread represents a total annual volatility of 0.0932 GMD. From a start-to-finish perspective, comparing the January average rate of 0.7590 to the December average rate of 0.8091, the exchange rate registered a net change of 6.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8122 was up 5.73% compared to the 2022 peak of 0.7682, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 203,053 GMD

2022 Average 176,148 GMD

Yearly Trough Low 179,754 GMD

Transaction Impact: A difference of 23,298.44 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8176

0.7153

JanuMarcMayJulySeptNove

INR to GMD 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 0.7416, compared to 0.7670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0254 points.

H1 Avg (Jan–Jun) 0.7416

H2 Avg (Jul–Dec) 0.7670

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0562 GMD (High: 0.7829 / Low: 0.7267). On the other end, December was the most stable month, with a tight range of 0.0055 GMD (High: 0.8122 / Low: 0.8067).

September Spread (Volatile) ±0.0562

December Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0285 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0285

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8091) against the same month in 2022 (average: 0.7529), the exchange rate shifted by +0.0562 (+7.47%).

2023 Avg (December) 0.8091

2022 Avg (December) 0.7529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7700	0.7486	0.7590
February	0.7539	0.7367	0.7394
March	0.7572	0.7407	0.7465
April	0.7626	0.7334	0.7547
May	0.7366	0.7190	0.7262
June	0.7273	0.7195	0.7238
July	0.7296	0.7201	0.7257
August	0.7372	0.7274	0.7314
September	0.7829	0.7267	0.7443
October	0.7950	0.7753	0.7884
November	0.8100	0.7813	0.8034
December	0.8122	0.8067	0.8091