2023 GEL to AMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to AMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 159.9761. Conversely, the yearly low was recorded on September 23, dropping to 142.3461.
This high-to-low spread represents a total annual volatility of 17.6300 AMD. From a start-to-finish perspective, comparing the January average rate of 148.4090 to the December average rate of 150.5821, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 159.9761 was down 2.74% compared to the 2022 peak of 164.4793, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GEL to AMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 150.3465, compared to 148.8646 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4819 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 12.6719 AMD (High: 159.9761 / Low: 147.3042). On the other end, June was the most stable month, with a tight range of 1.9488 AMD (High: 148.5479 / Low: 146.5990).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 4.1435 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 150.3307) against the same month in 2022 (average: 145.3055), the exchange rate shifted by +5.0252 (+3.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 150.5779 | 145.7798 | 148.4090 |
| February | 152.0455 | 147.3286 | 149.1206 |
| March | 152.8427 | 148.2689 | 150.5067 |
| April | 155.5578 | 152.0004 | 153.9962 |
| May | 156.5499 | 147.9313 | 152.0949 |
| June | 148.5479 | 146.5990 | 147.9514 |
| July | 152.2885 | 147.1045 | 149.8019 |
| August | 149.4399 | 146.4820 | 147.7219 |
| September | 147.8992 | 142.3461 | 146.0070 |
| October | 159.9761 | 147.3042 | 150.3307 |
| November | 150.3864 | 146.9865 | 148.7440 |
| December | 151.6311 | 149.2964 | 150.5821 |