2023 GEL to AZN Historical Review

YEARLY HIGH

0.6855 AZN

YEARLY LOW

0.6262 AZN

YEARLY AVERAGE

0.6483 AZN

2023 GEL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.6855. Conversely, the yearly low was recorded on November 4, dropping to 0.6262.

This high-to-low spread represents a total annual volatility of 0.0593 AZN. From a start-to-finish perspective, comparing the January average rate of 0.6379 to the December average rate of 0.6330, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6855 was up 6.85% compared to the 2022 peak of 0.6415, 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 3,427 AZN

2022 Average 2,925 AZN

Yearly Trough Low 3,131 AZN

Transaction Impact: A difference of 296.66 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6788

0.6249

JanuMarcMayJulySeptNove

GEL to AZN 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 0.6558, compared to 0.6408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0150 points.

H1 Avg (Jan–Jun) 0.6558

H2 Avg (Jul–Dec) 0.6408

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0329 AZN (High: 0.6855 / Low: 0.6526). On the other end, October was the most stable month, with a tight range of 0.0070 AZN (High: 0.6355 / Low: 0.6285).

May Spread (Volatile) ±0.0329

October Spread (Stable) ±0.0070

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 0.0177 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.6688) against the same month in 2022 (average: 0.5730), the exchange rate shifted by +0.0959 (+16.73%).

2023 Avg (May) 0.6688

2022 Avg (May) 0.5730

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6464	0.6296	0.6379
February	0.6467	0.6367	0.6433
March	0.6673	0.6464	0.6592
April	0.6827	0.6654	0.6743
May	0.6855	0.6526	0.6688
June	0.6534	0.6452	0.6511
July	0.6628	0.6513	0.6574
August	0.6538	0.6452	0.6498
September	0.6513	0.6320	0.6424
October	0.6355	0.6285	0.6325
November	0.6343	0.6262	0.6294
December	0.6379	0.6296	0.6330