2023 KGS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KGS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KGS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 104.4922. Conversely, the yearly low was recorded on November 5, dropping to 95.6692.
This high-to-low spread represents a total annual volatility of 8.8230 GNF. From a start-to-finish perspective, comparing the January average rate of 101.2740 to the December average rate of 96.5081, the exchange rate registered a net change of -4.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 104.4922 was down 6.82% compared to the 2022 peak of 112.1430, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KGS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KGS 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 99.1701, compared to 97.0917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0783 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.5690 GNF (High: 104.4922 / Low: 99.9233). On the other end, December was the most stable month, with a tight range of 0.8255 GNF (High: 96.9982 / Low: 96.1726).
Growth Streaks & Declines
TrendsBetween April and June, 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 January and February, when the average rate fell by 1.8628 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 101.2740) against the same month in 2022 (average: 107.2765), the exchange rate shifted by -6.0025 (-5.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 104.4922 | 99.9233 | 101.2740 |
| February | 101.4175 | 97.6088 | 99.4112 |
| March | 100.6635 | 97.1316 | 98.7976 |
| April | 98.9476 | 97.2080 | 98.3114 |
| May | 99.0836 | 98.1205 | 98.6002 |
| June | 99.1955 | 98.1003 | 98.6259 |
| July | 99.1955 | 97.5113 | 98.1241 |
| August | 98.6091 | 97.2817 | 97.7666 |
| September | 97.5983 | 96.4565 | 97.1810 |
| October | 97.1309 | 95.9825 | 96.5200 |
| November | 96.8941 | 95.6692 | 96.4505 |
| December | 96.9982 | 96.1726 | 96.5081 |