2023 GEL to BBD Historical Review

YEARLY HIGH

0.8065 BBD

YEARLY LOW

0.7366 BBD

YEARLY AVERAGE

0.7626 BBD

2023 GEL to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.8065. Conversely, the yearly low was recorded on November 4, dropping to 0.7366.

This high-to-low spread represents a total annual volatility of 0.0698 BBD. From a start-to-finish perspective, comparing the January average rate of 0.7504 to the December average rate of 0.7447, 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 0.8065 was up 6.85% compared to the 2022 peak of 0.7547, 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 4,032 BBD

2022 Average 3,441 BBD

Yearly Trough Low 3,683 BBD

Transaction Impact: A difference of 349.02 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7986

0.7350

JanuMarcMayJulySeptNove

GEL to BBD 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 0.7715, compared to 0.7538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0177 points.

H1 Avg (Jan–Jun) 0.7715

H2 Avg (Jul–Dec) 0.7538

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0387 BBD (High: 0.8065 / Low: 0.7678). On the other end, October was the most stable month, with a tight range of 0.0083 BBD (High: 0.7477 / Low: 0.7394).

May Spread (Volatile) ±0.0387

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 0.0210 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.7869) against the same month in 2022 (average: 0.6741), the exchange rate shifted by +0.1128 (+16.73%).

2023 Avg (May) 0.7869

2022 Avg (May) 0.6741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7605	0.7407	0.7504
February	0.7608	0.7491	0.7568
March	0.7851	0.7605	0.7754
April	0.8032	0.7828	0.7933
May	0.8065	0.7678	0.7869
June	0.7678	0.7590	0.7659
July	0.7797	0.7663	0.7733
August	0.7692	0.7590	0.7645
September	0.7663	0.7435	0.7558
October	0.7477	0.7394	0.7442
November	0.7463	0.7366	0.7403
December	0.7505	0.7407	0.7447