2023 GEL to BDT Historical Review

YEARLY HIGH

43.3166 BDT

YEARLY LOW

38.2071 BDT

YEARLY AVERAGE

41.1829 BDT

2023 GEL to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 9, valuing the pair at 43.3166. Conversely, the yearly low was recorded on January 1, dropping to 38.2071.

This high-to-low spread represents a total annual volatility of 5.1095 BDT. From a start-to-finish perspective, comparing the January average rate of 39.3240 to the December average rate of 40.9658, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.3166 was up 8.11% compared to the 2022 peak of 40.0671, 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 216,583 BDT

2022 Average 161,145 BDT

Yearly Trough Low 191,036 BDT

Transaction Impact: A difference of 25,547.62 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.4240

39.0421

JanuMarcMayJulySeptNove

GEL to BDT 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 41.0380, compared to 41.3278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2898 points.

H1 Avg (Jan–Jun) 41.0380

H2 Avg (Jul–Dec) 41.3278

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.3804 BDT (High: 40.5875 / Low: 38.2071). On the other end, October was the most stable month, with a tight range of 0.5094 BDT (High: 41.2388 / Low: 40.7294).

January Spread (Volatile) ±2.3804

October Spread (Stable) ±0.5094

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 May and June, when the average rate fell by 0.7622 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.7622

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 42.1422) against the same month in 2022 (average: 29.4191), the exchange rate shifted by +12.7231 (+43.25%).

2023 Avg (May) 42.1422

2022 Avg (May) 29.4191

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.5875	38.2071	39.3240
February	41.2167	39.1727	40.2341
March	42.0656	39.7194	41.0489
April	42.8481	41.1444	42.0991
May	43.3166	41.1527	42.1422
June	41.6256	40.9570	41.3800
July	42.3537	41.1816	41.9173
August	42.1719	41.4390	41.7693
September	42.0357	40.6524	41.4865
October	41.2388	40.7294	40.9936
November	41.3072	40.4590	40.8344
December	41.3447	40.7628	40.9658