2023 SBD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 1069.1276. Conversely, the yearly low was recorded on November 25, dropping to 1008.0516.
This high-to-low spread represents a total annual volatility of 61.0760 GNF. From a start-to-finish perspective, comparing the January average rate of 1048.6565 to the December average rate of 1017.0963, the exchange rate registered a net change of -3.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1069.1276 was down 7.40% compared to the 2022 peak of 1154.5772, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD 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 1042.6429, compared to 1023.0888 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 19.5540 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 36.7976 GNF (High: 1069.1276 / Low: 1032.3300). On the other end, June was the most stable month, with a tight range of 8.9745 GNF (High: 1038.4961 / Low: 1029.5216).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 12.3516 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1050.0024) against the same month in 2022 (average: 1114.5231), the exchange rate shifted by -64.5207 (-5.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1068.2613 | 1034.6661 | 1048.6565 |
| February | 1069.1276 | 1032.3300 | 1050.0024 |
| March | 1064.5091 | 1035.4967 | 1049.4929 |
| April | 1050.7444 | 1020.7126 | 1037.1413 |
| May | 1042.2161 | 1030.1023 | 1035.7988 |
| June | 1038.4961 | 1029.5216 | 1034.7651 |
| July | 1038.3199 | 1015.2096 | 1028.8830 |
| August | 1035.0656 | 1025.7545 | 1028.9598 |
| September | 1031.7819 | 1014.9512 | 1024.4033 |
| October | 1027.4970 | 1010.9907 | 1019.8516 |
| November | 1027.3572 | 1008.0516 | 1019.3391 |
| December | 1022.4284 | 1012.8567 | 1017.0963 |