2023 GEL to BIF Historical Review

YEARLY HIGH

1110.2362 BIF

YEARLY LOW

763.7037 BIF

YEARLY AVERAGE

969.3142 BIF

2023 GEL to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 1110.2362. Conversely, the yearly low was recorded on January 7, dropping to 763.7037.

This high-to-low spread represents a total annual volatility of 346.5325 BIF. From a start-to-finish perspective, comparing the January average rate of 776.2698 to the December average rate of 1061.4875, the exchange rate registered a net change of 36.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1110.2362 was up 41.56% compared to the 2022 peak of 784.3035, 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 5,551,181 BIF

2022 Average 3,515,420 BIF

Yearly Trough Low 3,818,519 BIF

Transaction Impact: A difference of 1,732,662.58 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1125.8656

744.4884

JanuMarcMayJulySeptNove

GEL to BIF 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 869.0070, compared to 1069.6215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 200.6145 points.

H1 Avg (Jan–Jun) 869.0070

H2 Avg (Jul–Dec) 1069.6215

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 301.5819 BIF (High: 1110.2362 / Low: 808.6543). On the other end, October was the most stable month, with a tight range of 13.3796 BIF (High: 1062.9403 / Low: 1049.5608).

May Spread (Volatile) ±301.5819

October Spread (Stable) ±13.3796

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 15.5906 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -15.5906

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 940.0319) against the same month in 2022 (average: 685.5343), the exchange rate shifted by +254.4976 (+37.12%).

2023 Avg (May) 940.0319

2022 Avg (May) 685.5343

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	788.6945	763.7037	776.2698
February	794.9915	777.0591	784.5408
March	818.4495	787.3701	804.9664
April	834.0000	813.9258	824.7671
May	1110.2362	808.6543	940.0319
June	1090.4031	1072.3216	1083.4658
July	1107.2125	1076.1361	1094.0842
August	1090.7298	1075.2118	1083.3339
September	1084.5899	1049.7799	1071.6844
October	1062.9403	1049.5608	1056.0938
November	1061.4202	1037.5185	1051.0453
December	1070.5441	1054.6740	1061.4875