2023 KES to GMD Historical Review

YEARLY HIGH

0.5033 GMD

YEARLY LOW

0.4120 GMD

YEARLY AVERAGE

0.4469 GMD

2023 KES to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 15, valuing the pair at 0.5033. Conversely, the yearly low was recorded on September 15, dropping to 0.4120.

This high-to-low spread represents a total annual volatility of 0.0912 GMD. From a start-to-finish perspective, comparing the January average rate of 0.5004 to the December average rate of 0.4361, the exchange rate registered a net change of -12.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5033 was down 1.08% compared to the 2022 peak of 0.5088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 KES based on timing:

Yearly Peak High 2,516 GMD

2022 Average 2,347 GMD

Yearly Trough Low 2,060 GMD

Transaction Impact: A difference of 456.24 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5083

0.4132

JanuMarcMayJulySeptNove

KES 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 0.4638, compared to 0.4301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0337 points.

H1 Avg (Jan–Jun) 0.4638

H2 Avg (Jul–Dec) 0.4301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0290 GMD (High: 0.4410 / Low: 0.4120). On the other end, August was the most stable month, with a tight range of 0.0078 GMD (High: 0.4261 / Low: 0.4183).

September Spread (Volatile) ±0.0290

August Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between September and November, 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 April and May, when the average rate fell by 0.0247 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5004) against the same month in 2022 (average: 0.4657), the exchange rate shifted by +0.0347 (+7.46%).

2023 Avg (January) 0.5004

2022 Avg (January) 0.4657

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5033	0.4925	0.5004
February	0.4946	0.4799	0.4863
March	0.4835	0.4654	0.4738
April	0.4691	0.4408	0.4604
May	0.4435	0.4296	0.4357
June	0.4332	0.4235	0.4262
July	0.4306	0.4190	0.4218
August	0.4261	0.4183	0.4215
September	0.4410	0.4120	0.4211
October	0.4454	0.4339	0.4396
November	0.4460	0.4302	0.4403
December	0.4421	0.4280	0.4361