2023 INR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 INR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the INR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 108.0149. Conversely, the yearly low was recorded on November 18, dropping to 102.6601.
This high-to-low spread represents a total annual volatility of 5.3547 GNF. From a start-to-finish perspective, comparing the January average rate of 106.0477 to the December average rate of 103.3357, the exchange rate registered a net change of -2.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 108.0149 was down 13.93% compared to the 2022 peak of 125.4980, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 INR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
INR 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 105.0628, compared to 103.7064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3564 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 4.8146 GNF (High: 107.6943 / Low: 102.8797). On the other end, December was the most stable month, with a tight range of 1.0909 GNF (High: 103.9965 / Low: 102.9056).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.4230 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 106.0477) against the same month in 2022 (average: 122.1752), the exchange rate shifted by -16.1276 (-13.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 108.0149 | 104.2290 | 106.0477 |
| February | 106.4605 | 103.0375 | 104.6247 |
| March | 107.6943 | 102.8797 | 105.0244 |
| April | 105.7471 | 104.0754 | 104.9418 |
| May | 105.8978 | 103.9441 | 104.7713 |
| June | 105.6079 | 104.2765 | 104.9670 |
| July | 105.3641 | 103.5598 | 104.7199 |
| August | 104.8088 | 103.2500 | 103.9500 |
| September | 104.1524 | 102.9690 | 103.6135 |
| October | 103.9008 | 102.7752 | 103.3405 |
| November | 104.0179 | 102.6601 | 103.2785 |
| December | 103.9965 | 102.9056 | 103.3357 |