2023 MYR to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MYR to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MYR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 14.6518. Conversely, the yearly low was recorded on June 25, dropping to 12.7232.
This high-to-low spread represents a total annual volatility of 1.9286 GMD. From a start-to-finish perspective, comparing the January average rate of 14.3318 to the December average rate of 14.4615, the exchange rate registered a net change of 0.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 14.6518 was up 3.08% compared to the 2022 peak of 14.2138, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MYR 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 13.6883, compared to 13.6481 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0402 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.9508 GMD (High: 13.8726 / Low: 12.9218). On the other end, October was the most stable month, with a tight range of 0.2631 GMD (High: 13.9523 / Low: 13.6891).
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 0.7448 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 14.4615) against the same month in 2022 (average: 14.0665), the exchange rate shifted by +0.3949 (+2.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.5816 | 14.0636 | 14.3318 |
| February | 14.5026 | 13.6156 | 14.0002 |
| March | 14.0850 | 13.5258 | 13.7343 |
| April | 14.1556 | 13.4402 | 13.9792 |
| May | 13.5677 | 12.8743 | 13.2344 |
| June | 13.0137 | 12.7232 | 12.8502 |
| July | 13.2436 | 12.7584 | 12.9884 |
| August | 13.3514 | 13.0145 | 13.1430 |
| September | 13.8726 | 12.9218 | 13.2058 |
| October | 13.9523 | 13.6891 | 13.8275 |
| November | 14.5045 | 13.6330 | 14.2626 |
| December | 14.6518 | 14.3383 | 14.4615 |