2023 CRC to GEL Historical Review

YEARLY HIGH

0.0052 GEL

YEARLY LOW

0.0045 GEL

YEARLY AVERAGE

0.0048 GEL

2023 CRC to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0052. Conversely, the yearly low was recorded on January 3, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0006 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0046 to the December average rate of 0.0051, the exchange rate registered a net change of 10.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0052 was down 3.37% compared to the 2022 peak of 0.0054, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 26 GEL

2022 Average 23 GEL

Yearly Trough Low 23 GEL

Transaction Impact: A difference of 3.20 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0052

0.0046

JanuMarcMayJulySeptNove

CRC 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 0.0047, compared to 0.0050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0047

H2 Avg (Jul–Dec) 0.0050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0003 GEL (High: 0.0048 / Low: 0.0046). On the other end, April was the most stable month, with a tight range of 0.0001 GEL (High: 0.0048 / Low: 0.0047).

May Spread (Volatile) ±0.0003

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0000 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0051) against the same month in 2022 (average: 0.0045), the exchange rate shifted by +0.0006 (+12.70%).

2023 Avg (December) 0.0051

2022 Avg (December) 0.0045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0048	0.0045	0.0046
February	0.0048	0.0046	0.0047
March	0.0048	0.0046	0.0047
April	0.0048	0.0047	0.0047
May	0.0048	0.0046	0.0047
June	0.0049	0.0048	0.0048
July	0.0048	0.0047	0.0048
August	0.0049	0.0048	0.0049
September	0.0050	0.0049	0.0049
October	0.0051	0.0050	0.0051
November	0.0051	0.0051	0.0051
December	0.0052	0.0050	0.0051