2023 GEL to AFN Historical Review

YEARLY HIGH

36.4542 AFN

YEARLY LOW

25.4995 AFN

YEARLY AVERAGE

31.5874 AFN

2023 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 36.4542. Conversely, the yearly low was recorded on November 18, dropping to 25.4995.

This high-to-low spread represents a total annual volatility of 10.9547 AFN. From a start-to-finish perspective, comparing the January average rate of 33.3397 to the December average rate of 26.0460, the exchange rate registered a net change of -21.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 36.4542 was up 6.52% compared to the 2022 peak of 34.2233, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 182,271 AFN

2022 Average 154,708 AFN

Yearly Trough Low 127,497 AFN

Transaction Impact: A difference of 54,773.52 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.2555

25.2087

JanuMarcMayJulySeptNove

GEL to AFN 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 33.8699, compared to 29.3050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5649 points.

H1 Avg (Jan–Jun) 33.8699

H2 Avg (Jul–Dec) 29.3050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 3.0527 AFN (High: 30.9453 / Low: 27.8926). On the other end, December was the most stable month, with a tight range of 0.4953 AFN (High: 26.3576 / Low: 25.8623).

September Spread (Volatile) ±3.0527

December Spread (Stable) ±0.4953

Growth Streaks & Declines

Trends

Between January and May, 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 August and September, when the average rate fell by 2.8137 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.8137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 34.3643) against the same month in 2022 (average: 28.5943), the exchange rate shifted by +5.7700 (+20.18%).

2023 Avg (April) 34.3643

2022 Avg (April) 28.5943

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.9218	32.5345	33.3397
February	34.4149	33.3764	33.9259
March	34.4894	33.4185	33.9652
April	36.4542	33.6743	34.3643
May	35.4187	33.6404	34.4183
June	33.5893	32.3200	33.2058
July	34.1131	32.8572	33.4946
August	33.3202	30.8476	32.2731
September	30.9453	27.8926	29.4594
October	29.3089	27.1052	28.1055
November	27.6438	25.4995	26.4512
December	26.3576	25.8623	26.0460