2023 ETB to GEL Historical Review

YEARLY HIGH

0.0504 GEL

YEARLY LOW

0.0456 GEL

YEARLY AVERAGE

0.0479 GEL

2023 ETB to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0504. Conversely, the yearly low was recorded on May 3, dropping to 0.0456.

This high-to-low spread represents a total annual volatility of 0.0048 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0497 to the December average rate of 0.0478, the exchange rate registered a net change of -3.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0504 was down 25.34% compared to the 2022 peak of 0.0675, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252 GEL

2022 Average 281 GEL

Yearly Trough Low 228 GEL

Transaction Impact: A difference of 23.90 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0500

0.0462

JanuMarcMayJulySeptNove

ETB 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 0.0480, compared to 0.0479 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) 0.0480

H2 Avg (Jul–Dec) 0.0479

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0023 GEL (High: 0.0479 / Low: 0.0456). On the other end, October was the most stable month, with a tight range of 0.0008 GEL (High: 0.0487 / Low: 0.0480).

May Spread (Volatile) ±0.0023

October Spread (Stable) ±0.0008

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 March and April, when the average rate fell by 0.0014 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0497) against the same month in 2022 (average: 0.0621), the exchange rate shifted by -0.0124 (-19.94%).

2023 Avg (January) 0.0497

2022 Avg (January) 0.0621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0504	0.0490	0.0497
February	0.0498	0.0486	0.0492
March	0.0489	0.0473	0.0480
April	0.0474	0.0460	0.0465
May	0.0479	0.0456	0.0468
June	0.0484	0.0475	0.0478
July	0.0478	0.0466	0.0472
August	0.0479	0.0471	0.0475
September	0.0488	0.0473	0.0479
October	0.0487	0.0480	0.0483
November	0.0490	0.0480	0.0485
December	0.0484	0.0475	0.0478