2023 SZL to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SZL to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SZL 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 June 1, dropping to 434.5858.
This high-to-low spread represents a total annual volatility of 87.4119 GNF. From a start-to-finish perspective, comparing the January average rate of 506.7579 to the December average rate of 461.7118, the exchange rate registered a net change of -8.89% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 521.9976 was down 15.05% compared to the 2022 peak of 614.4591, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SZL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SZL 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 475.3282, compared to 460.4486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.8796 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 41.2118 GNF (High: 475.7976 / Low: 434.5858). On the other end, September was the most stable month, with a tight range of 13.6976 GNF (High: 460.0170 / Low: 446.3193).
Growth Streaks & Declines
TrendsBetween 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 23.5951 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 506.7579) against the same month in 2022 (average: 587.8414), the exchange rate shifted by -81.0835 (-13.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 521.9976 | 493.8044 | 506.7579 |
| February | 508.2105 | 467.0061 | 483.1628 |
| March | 485.8186 | 462.4856 | 473.2562 |
| April | 485.8186 | 467.0110 | 474.4236 |
| May | 473.1947 | 436.4663 | 453.2216 |
| June | 475.7976 | 434.5858 | 461.1471 |
| July | 490.9194 | 451.7947 | 472.6564 |
| August | 478.8417 | 442.2763 | 458.5955 |
| September | 460.0170 | 446.3193 | 453.9931 |
| October | 458.7767 | 440.7235 | 451.0927 |
| November | 475.2747 | 454.4444 | 464.6424 |
| December | 473.5070 | 450.3099 | 461.7118 |