2023 THB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 THB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the THB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 268.5342. Conversely, the yearly low was recorded on October 6, dropping to 231.3565.
This high-to-low spread represents a total annual volatility of 37.1777 GNF. From a start-to-finish perspective, comparing the January average rate of 261.0493 to the December average rate of 246.4775, the exchange rate registered a net change of -5.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 268.5342 was down 4.41% compared to the 2022 peak of 280.9137, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
THB 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 252.8863, compared to 243.2756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.6107 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 18.5903 GNF (High: 268.5342 / Low: 249.9439). On the other end, April was the most stable month, with a tight range of 6.5523 GNF (High: 255.4742 / Low: 248.9219).
Growth Streaks & Declines
TrendsBetween March and May, 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 7.2176 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 261.0493) against the same month in 2022 (average: 273.7661), the exchange rate shifted by -12.7169 (-4.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 268.5342 | 249.9439 | 261.0493 |
| February | 262.9698 | 246.0739 | 253.8317 |
| March | 255.5191 | 246.0443 | 250.9835 |
| April | 255.4742 | 248.9219 | 251.6517 |
| May | 258.0500 | 247.5337 | 252.3864 |
| June | 250.4211 | 241.6399 | 247.4155 |
| July | 253.3422 | 242.0814 | 248.6130 |
| August | 251.5589 | 242.7219 | 245.7478 |
| September | 245.1313 | 234.9572 | 240.3288 |
| October | 239.7175 | 231.3565 | 235.7384 |
| November | 247.8048 | 237.7488 | 242.7482 |
| December | 251.4520 | 240.7729 | 246.4775 |