2023 SAR to GNF Historical Review

YEARLY HIGH

2347.5412 GNF

YEARLY LOW

2260.4135 GNF

YEARLY AVERAGE

2297.3446 GNF

2023 SAR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 17, valuing the pair at 2347.5412. Conversely, the yearly low was recorded on March 19, dropping to 2260.4135.

This high-to-low spread represents a total annual volatility of 87.1277 GNF. From a start-to-finish perspective, comparing the January average rate of 2307.2560 to the December average rate of 2293.2579, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2347.5412 was down 5.61% compared to the 2022 peak of 2487.0600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,737,706 GNF

2022 Average 11,727,724 GNF

Yearly Trough Low 11,302,068 GNF

Transaction Impact: A difference of 435,638.38 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2308.7102

2291.2597

JanuMarcMayJulySeptNove

SAR 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 2300.6898, compared to 2293.9994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.6904 points.

H1 Avg (Jan–Jun) 2300.6898

H2 Avg (Jul–Dec) 2293.9994

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 84.4529 GNF (High: 2344.8664 / Low: 2260.4135). On the other end, December was the most stable month, with a tight range of 16.0571 GNF (High: 2298.2673 / Low: 2282.2102).

March Spread (Volatile) ±84.4529

December Spread (Stable) ±16.0571

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 7.5021 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.5021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2304.4348) against the same month in 2022 (average: 2402.7777), the exchange rate shifted by -98.3428 (-4.09%).

2023 Avg (February) 2304.4348

2022 Avg (February) 2402.7777

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2344.2037	2286.2174	2307.2560
February	2347.5412	2276.8512	2304.4348
March	2344.8664	2260.4135	2300.2161
April	2307.4333	2268.1612	2292.7139
May	2307.7378	2289.1406	2299.6781
June	2307.8051	2283.4464	2299.8401
July	2306.1704	2277.4184	2294.7456
August	2307.8154	2288.4374	2295.5989
September	2307.3644	2281.1473	2294.2216
October	2307.1270	2278.9673	2292.9772
November	2306.3671	2279.8883	2293.1953
December	2298.2673	2282.2102	2293.2579