2023 DOP to GEL Historical Review

YEARLY HIGH

0.0482 GEL

YEARLY LOW

0.0455 GEL

YEARLY AVERAGE

0.0469 GEL

2023 DOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.0482. Conversely, the yearly low was recorded on May 3, dropping to 0.0455.

This high-to-low spread represents a total annual volatility of 0.0027 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0471 to the December average rate of 0.0468, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0482 was down 23.13% compared to the 2022 peak of 0.0627, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 241 GEL

2022 Average 265 GEL

Yearly Trough Low 228 GEL

Transaction Impact: A difference of 13.55 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0478

0.0459

JanuMarcMayJulySeptNove

DOP 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 0.0469, compared to 0.0468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0469

H2 Avg (Jul–Dec) 0.0468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0022 GEL (High: 0.0477 / Low: 0.0455). On the other end, October was the most stable month, with a tight range of 0.0006 GEL (High: 0.0476 / Low: 0.0470).

May Spread (Volatile) ±0.0022

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0476) against the same month in 2022 (average: 0.0501), the exchange rate shifted by -0.0025 (-5.00%).

2023 Avg (November) 0.0476

2022 Avg (November) 0.0501

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0480	0.0463	0.0471
February	0.0475	0.0460	0.0470
March	0.0476	0.0465	0.0469
April	0.0466	0.0458	0.0461
May	0.0477	0.0455	0.0466
June	0.0479	0.0471	0.0476
July	0.0474	0.0457	0.0463
August	0.0465	0.0457	0.0462
September	0.0476	0.0460	0.0466
October	0.0476	0.0470	0.0473
November	0.0482	0.0472	0.0476
December	0.0474	0.0462	0.0468