2023 MYR to GNF Historical Review

YEARLY HIGH

2073.5156 GNF

YEARLY LOW

1794.1101 GNF

YEARLY AVERAGE

1892.1783 GNF

2023 MYR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2073.5156. Conversely, the yearly low was recorded on October 28, dropping to 1794.1101.

This high-to-low spread represents a total annual volatility of 279.4055 GNF. From a start-to-finish perspective, comparing the January average rate of 2002.5001 to the December average rate of 1846.9749, the exchange rate registered a net change of -7.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2073.5156 was down 7.34% compared to the 2022 peak of 2237.8675, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 41,470,311 GNF

2022 Average 40,113,000 GNF

Yearly Trough Low 35,882,202 GNF

Transaction Impact: A difference of 5,588,109.04 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2021.5018

1793.4818

JanuMarcMayJulySeptNove

MYR 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 1938.7454, compared to 1845.6112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 93.1342 points.

H1 Avg (Jan–Jun) 1938.7454

H2 Avg (Jul–Dec) 1845.6112

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 121.2038 GNF (High: 2046.5116 / Low: 1925.3079). On the other end, September was the most stable month, with a tight range of 23.9492 GNF (High: 1847.8134 / Low: 1823.8642).

February Spread (Volatile) ±121.2038

September Spread (Stable) ±23.9492

Growth Streaks & Declines

Trends

Between October and December, 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 February and March, when the average rate fell by 48.7041 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -48.7041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2002.5001) against the same month in 2022 (average: 2171.4177), the exchange rate shifted by -168.9176 (-7.78%).

2023 Avg (January) 2002.5001

2022 Avg (January) 2171.4177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2073.5156	1956.9530	2002.5001
February	2046.5116	1925.3079	1981.0041
March	1966.0411	1893.0428	1932.3001
April	1966.1517	1907.3301	1943.7694
May	1950.6423	1863.1031	1909.4501
June	1890.9885	1831.6399	1863.4486
July	1906.5315	1830.3271	1874.3352
August	1907.5530	1845.2762	1868.1167
September	1847.8134	1823.8642	1838.3518
October	1834.3250	1794.1101	1812.4835
November	1858.6752	1804.6671	1833.4053
December	1874.8092	1829.5158	1846.9749