2023 KES to GNF Historical Review

YEARLY HIGH

71.0761 GNF

YEARLY LOW

54.7673 GNF

YEARLY AVERAGE

61.9498 GNF

2023 KES to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 71.0761. Conversely, the yearly low was recorded on December 30, dropping to 54.7673.

This high-to-low spread represents a total annual volatility of 16.3088 GNF. From a start-to-finish perspective, comparing the January average rate of 69.9200 to the December average rate of 55.6951, the exchange rate registered a net change of -20.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 71.0761 was down 13.87% compared to the 2022 peak of 82.5232, 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 355,380 GNF

2022 Average 373,772 GNF

Yearly Trough Low 273,836 GNF

Transaction Impact: A difference of 81,543.76 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

71.3425

54.2726

JanuMarcMayJulySeptNove

KES 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 65.6778, compared to 58.2217 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.4561 points.

H1 Avg (Jan–Jun) 65.6778

H2 Avg (Jul–Dec) 58.2217

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 3.4670 GNF (High: 68.7500 / Low: 65.2830). On the other end, October was the most stable month, with a tight range of 1.1951 GNF (High: 58.1596 / Low: 56.9645).

March Spread (Volatile) ±3.4670

October Spread (Stable) ±1.1951

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.6569 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -2.6569

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 69.9200) against the same month in 2022 (average: 80.2189), the exchange rate shifted by -10.2989 (-12.84%).

2023 Avg (January) 69.9200

2022 Avg (January) 80.2189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	71.0761	69.1730	69.9200
February	70.4095	67.7757	68.8112
March	68.7500	65.2830	66.6681
April	65.2830	62.5562	64.0112
May	63.6958	62.0756	62.8593
June	62.7491	60.9873	61.7971
July	61.7686	60.1808	60.8704
August	60.5668	59.0923	59.9053
September	59.4881	58.0525	58.6283
October	58.1596	56.9645	57.6246
November	57.2829	55.9745	56.6067
December	56.4265	54.7673	55.6951