2023 WST to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 24.2229. Conversely, the yearly low was recorded on June 13, dropping to 21.7574.
This high-to-low spread represents a total annual volatility of 2.4655 GMD. From a start-to-finish perspective, comparing the January average rate of 22.9932 to the December average rate of 24.0544, the exchange rate registered a net change of 4.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.2229 was up 4.67% compared to the 2022 peak of 23.1414, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST to GMD 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 22.4733, compared to 23.1208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6474 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 1.6921 GMD (High: 23.9286 / Low: 22.2365). On the other end, June was the most stable month, with a tight range of 0.1247 GMD (High: 21.8821 / Low: 21.7574).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.7609 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 23.8639) against the same month in 2022 (average: 20.2140), the exchange rate shifted by +3.6499 (+18.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.1599 | 22.6686 | 22.9932 |
| February | 22.8355 | 22.6131 | 22.6499 |
| March | 23.0468 | 22.6205 | 22.7490 |
| April | 22.8581 | 21.9959 | 22.6925 |
| May | 22.0876 | 21.8491 | 21.9317 |
| June | 21.8821 | 21.7574 | 21.8237 |
| July | 22.0710 | 21.8491 | 21.8906 |
| August | 22.3837 | 22.2089 | 22.2860 |
| September | 23.9286 | 22.2365 | 22.7386 |
| October | 24.2229 | 23.2857 | 23.8639 |
| November | 24.0446 | 23.2321 | 23.8911 |
| December | 24.0804 | 23.9250 | 24.0544 |