2023 MDL to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 497.6498. Conversely, the yearly low was recorded on January 2, dropping to 450.5851.
This high-to-low spread represents a total annual volatility of 47.0646 GNF. From a start-to-finish perspective, comparing the January average rate of 456.3756 to the December average rate of 488.6303, the exchange rate registered a net change of 7.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 497.6498 was down 5.33% compared to the 2022 peak of 525.6849, 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 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 470.8846, compared to 481.9642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0796 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 28.2599 GNF (High: 497.4641 / Low: 469.2042). On the other end, October was the most stable month, with a tight range of 6.4132 GNF (High: 477.3516 / Low: 470.9384).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.3649 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 488.6303) against the same month in 2022 (average: 450.0014), the exchange rate shifted by +38.6289 (+8.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 470.2258 | 450.5851 | 456.3756 |
| February | 470.4898 | 456.2128 | 460.5573 |
| March | 472.6337 | 457.3646 | 464.2018 |
| April | 483.7688 | 469.6992 | 476.8040 |
| May | 489.0476 | 480.1796 | 485.4397 |
| June | 487.6648 | 472.3081 | 481.9289 |
| July | 497.4641 | 469.2042 | 481.1102 |
| August | 493.1593 | 481.8071 | 487.1017 |
| September | 484.4621 | 470.4044 | 478.7368 |
| October | 477.3516 | 470.9384 | 474.3539 |
| November | 487.3384 | 474.9440 | 481.8522 |
| December | 497.6498 | 479.3826 | 488.6303 |