2023 SCR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 676.7565. Conversely, the yearly low was recorded on February 13, dropping to 605.0396.
This high-to-low spread represents a total annual volatility of 71.7169 GNF. From a start-to-finish perspective, comparing the January average rate of 640.3053 to the December average rate of 640.4878, the exchange rate registered a net change of 0.03% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 676.7565 was down 3.02% compared to the 2022 peak of 697.8622, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 637.7001, compared to 645.5218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.8217 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 67.8185 GNF (High: 672.8581 / Low: 605.0396). On the other end, August was the most stable month, with a tight range of 25.0274 GNF (High: 655.9066 / Low: 630.8792).
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 May and June, when the average rate fell by 9.4352 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 654.9840) against the same month in 2022 (average: 648.1036), the exchange rate shifted by +6.8804 (+1.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 668.6506 | 609.2782 | 640.3053 |
| February | 672.8581 | 605.0396 | 638.3396 |
| March | 662.8161 | 615.0624 | 641.9599 |
| April | 667.5450 | 611.3995 | 636.8080 |
| May | 657.0862 | 612.5155 | 639.1116 |
| June | 656.7536 | 608.8730 | 629.6764 |
| July | 662.0800 | 605.6804 | 644.2588 |
| August | 655.9066 | 630.8792 | 643.9620 |
| September | 676.7565 | 632.1609 | 654.9840 |
| October | 676.0834 | 623.2165 | 645.5706 |
| November | 659.2049 | 625.9691 | 643.8678 |
| December | 666.6676 | 612.3434 | 640.4878 |