2023 GEL to BND Historical Review

YEARLY HIGH

0.5370 BND

YEARLY LOW

0.4905 BND

YEARLY AVERAGE

0.5119 BND

2023 GEL to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.5370. Conversely, the yearly low was recorded on December 29, dropping to 0.4905.

This high-to-low spread represents a total annual volatility of 0.0465 BND. From a start-to-finish perspective, comparing the January average rate of 0.4978 to the December average rate of 0.4961, the exchange rate registered a net change of -0.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5370 was up 3.20% compared to the 2022 peak of 0.5203, 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 2,685 BND

2022 Average 2,373 BND

Yearly Trough Low 2,453 BND

Transaction Impact: A difference of 232.35 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5308

0.4929

JanuMarcMayJulySeptNove

GEL to BND 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 0.5152, compared to 0.5086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.5152

H2 Avg (Jul–Dec) 0.5086

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0213 BND (High: 0.5370 / Low: 0.5157). On the other end, August was the most stable month, with a tight range of 0.0078 BND (High: 0.5197 / Low: 0.5120).

May Spread (Volatile) ±0.0213

August Spread (Stable) ±0.0078

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 0.0114 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5267) against the same month in 2022 (average: 0.4658), the exchange rate shifted by +0.0610 (+13.09%).

2023 Avg (May) 0.5267

2022 Avg (May) 0.4658

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5013	0.4921	0.4978
February	0.5130	0.4950	0.5040
March	0.5249	0.5094	0.5194
April	0.5348	0.5193	0.5276
May	0.5370	0.5157	0.5267
June	0.5203	0.5121	0.5153
July	0.5214	0.5116	0.5160
August	0.5197	0.5120	0.5162
September	0.5228	0.5059	0.5148
October	0.5142	0.5047	0.5093
November	0.5077	0.4932	0.4991
December	0.5034	0.4905	0.4961