2023 MDL to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 3.8920. Conversely, the yearly low was recorded on February 9, dropping to 3.2275.
This high-to-low spread represents a total annual volatility of 0.6646 GMD. From a start-to-finish perspective, comparing the January average rate of 3.2662 to the December average rate of 3.8259, the exchange rate registered a net change of 17.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.8920 was up 20.16% compared to the 2022 peak of 3.2390, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL to GMD 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 3.3229, compared to 3.5655 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2426 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.2236 GMD (High: 3.5940 / Low: 3.3704). On the other end, May was the most stable month, with a tight range of 0.0456 GMD (High: 3.3853 / Low: 3.3398).
Growth Streaks & Declines
TrendsBetween 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 0.0644 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 3.8259) against the same month in 2022 (average: 3.2117), the exchange rate shifted by +0.6142 (+19.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3124 | 3.2284 | 3.2662 |
| February | 3.2842 | 3.2275 | 3.2550 |
| March | 3.3959 | 3.2335 | 3.2996 |
| April | 3.4796 | 3.3431 | 3.4289 |
| May | 3.3853 | 3.3398 | 3.3644 |
| June | 3.3571 | 3.2541 | 3.3233 |
| July | 3.4509 | 3.2467 | 3.3339 |
| August | 3.4627 | 3.4015 | 3.4270 |
| September | 3.5940 | 3.3704 | 3.4386 |
| October | 3.6543 | 3.5232 | 3.6189 |
| November | 3.8102 | 3.5901 | 3.7485 |
| December | 3.8920 | 3.7589 | 3.8259 |