2023 GEL to ANG Historical Review

YEARLY HIGH

0.7275 ANG

YEARLY LOW

0.6608 ANG

YEARLY AVERAGE

0.6869 ANG

2023 GEL to ANG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to ANG exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.7275. Conversely, the yearly low was recorded on November 5, dropping to 0.6608.

This high-to-low spread represents a total annual volatility of 0.0667 ANG. From a start-to-finish perspective, comparing the January average rate of 0.6762 to the December average rate of 0.6718, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7275 was up 6.62% compared to the 2022 peak of 0.6824, 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 3,638 ANG

2022 Average 3,101 ANG

Yearly Trough Low 3,304 ANG

Transaction Impact: A difference of 333.61 ANG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7189

0.6616

JanuMarcMayJulySeptNove

GEL to ANG 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 0.6948, compared to 0.6790 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0158 points.

H1 Avg (Jan–Jun) 0.6948

H2 Avg (Jul–Dec) 0.6790

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0361 ANG (High: 0.7275 / Low: 0.6914). On the other end, October was the most stable month, with a tight range of 0.0083 ANG (High: 0.6741 / Low: 0.6658).

May Spread (Volatile) ±0.0361

October Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between 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 0.0188 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.7089) against the same month in 2022 (average: 0.6073), the exchange rate shifted by +0.1015 (+16.72%).

2023 Avg (May) 0.7089

2022 Avg (May) 0.6073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6856	0.6675	0.6762
February	0.6920	0.6744	0.6821
March	0.7069	0.6852	0.6977
April	0.7209	0.7048	0.7141
May	0.7275	0.6914	0.7089
June	0.6931	0.6823	0.6901
July	0.7029	0.6861	0.6961
August	0.6944	0.6837	0.6889
September	0.6903	0.6676	0.6809
October	0.6741	0.6658	0.6702
November	0.6722	0.6608	0.6664
December	0.6774	0.6679	0.6718