2023 NAD to GNF Historical Review

YEARLY HIGH

521.9976 GNF

YEARLY LOW

424.4136 GNF

YEARLY AVERAGE

466.5543 GNF

2023 NAD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 521.9976. Conversely, the yearly low was recorded on October 28, dropping to 424.4136.

This high-to-low spread represents a total annual volatility of 97.5840 GNF. From a start-to-finish perspective, comparing the January average rate of 507.4703 to the December average rate of 460.4635, the exchange rate registered a net change of -9.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 521.9976 was down 15.36% compared to the 2022 peak of 616.7255, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NAD based on timing:

Yearly Peak High 2,609,988 GNF

2022 Average 2,713,896 GNF

Yearly Trough Low 2,122,068 GNF

Transaction Impact: A difference of 487,920.01 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

513.5336

440.7746

JanuMarcMayJulySeptNove

NAD 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 474.9867, compared to 458.1218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.8649 points.

H1 Avg (Jan–Jun) 474.9867

H2 Avg (Jul–Dec) 458.1218

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 43.0352 GNF (High: 473.6371 / Low: 430.6019). On the other end, September was the most stable month, with a tight range of 12.9332 GNF (High: 459.1906 / Low: 446.2574).

November Spread (Volatile) ±43.0352

September Spread (Stable) ±12.9332

Growth Streaks & Declines

Trends

Between May and July, 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 23.6644 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -23.6644

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 507.4703) against the same month in 2022 (average: 586.7956), the exchange rate shifted by -79.3253 (-13.52%).

2023 Avg (January) 507.4703

2022 Avg (January) 586.7956

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	521.9976	498.4057	507.4703
February	509.6768	467.2543	483.8059
March	484.3148	460.9796	472.5738
April	485.3204	464.8987	473.1974
May	473.1947	436.9768	452.1636
June	475.7976	435.7144	460.7092
July	490.6410	453.8804	471.9786
August	471.8794	434.7156	457.0278
September	459.1906	446.2574	453.5284
October	458.1496	424.4136	446.8379
November	473.6371	430.6019	458.8948
December	472.4325	450.3817	460.4635