2023 BTN to GEL Historical Review

YEARLY HIGH

0.0331 GEL

YEARLY LOW

0.0303 GEL

YEARLY AVERAGE

0.0318 GEL

2023 BTN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.0331. Conversely, the yearly low was recorded on May 6, dropping to 0.0303.

This high-to-low spread represents a total annual volatility of 0.0028 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0326 to the December average rate of 0.0322, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0331 was down 26.40% compared to the 2022 peak of 0.0449, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BTN based on timing:

Yearly Peak High 165 GEL

2022 Average 186 GEL

Yearly Trough Low 151 GEL

Transaction Impact: A difference of 13.89 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0328

0.0306

JanuMarcMayJulySeptNove

BTN to GEL Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0316, compared to 0.0320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0316

H2 Avg (Jul–Dec) 0.0320

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0012 GEL (High: 0.0315 / Low: 0.0303). On the other end, October was the most stable month, with a tight range of 0.0004 GEL (High: 0.0325 / Low: 0.0321).

May Spread (Volatile) ±0.0012

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0006 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0326) against the same month in 2022 (average: 0.0414), the exchange rate shifted by -0.0088 (-21.25%).

2023 Avg (January) 0.0326

2022 Avg (January) 0.0414

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0331	0.0321	0.0326
February	0.0324	0.0317	0.0320
March	0.0319	0.0310	0.0314
April	0.0312	0.0305	0.0308
May	0.0315	0.0303	0.0309
June	0.0322	0.0315	0.0318
July	0.0320	0.0311	0.0315
August	0.0319	0.0313	0.0316
September	0.0326	0.0314	0.0319
October	0.0325	0.0321	0.0323
November	0.0328	0.0322	0.0325
December	0.0324	0.0319	0.0322