2023 GEL to BOB Historical Review

YEARLY HIGH

2.7856 BOB

YEARLY LOW

2.5336 BOB

YEARLY AVERAGE

2.6340 BOB

2023 GEL to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 2.7856. Conversely, the yearly low was recorded on November 5, dropping to 2.5336.

This high-to-low spread represents a total annual volatility of 0.2520 BOB. From a start-to-finish perspective, comparing the January average rate of 2.5927 to the December average rate of 2.5759, the exchange rate registered a net change of -0.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7856 was up 6.47% compared to the 2022 peak of 2.6164, 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 13,928 BOB

2022 Average 11,861 BOB

Yearly Trough Low 12,668 BOB

Transaction Impact: A difference of 1,260.09 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7589

2.5361

JanuMarcMayJulySeptNove

GEL to BOB 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 2.6645, compared to 2.6035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0609 points.

H1 Avg (Jan–Jun) 2.6645

H2 Avg (Jul–Dec) 2.6035

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.1342 BOB (High: 2.7856 / Low: 2.6514). On the other end, October was the most stable month, with a tight range of 0.0320 BOB (High: 2.5847 / Low: 2.5528).

May Spread (Volatile) ±0.1342

October Spread (Stable) ±0.0320

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 0.0717 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0717

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7175) against the same month in 2022 (average: 2.3173), the exchange rate shifted by +0.4002 (+17.27%).

2023 Avg (May) 2.7175

2022 Avg (May) 2.3173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6287	2.5594	2.5927
February	2.6531	2.5858	2.6152
March	2.7106	2.6269	2.6753
April	2.7749	2.7022	2.7404
May	2.7856	2.6514	2.7175
June	2.6575	2.6162	2.6458
July	2.7002	2.6306	2.6694
August	2.6625	2.6216	2.6413
September	2.6466	2.5596	2.6107
October	2.5847	2.5528	2.5693
November	2.5772	2.5336	2.5547
December	2.5972	2.5604	2.5759