2023 GEL to BTN Historical Review

YEARLY HIGH

33.0236 BTN

YEARLY LOW

30.2486 BTN

YEARLY AVERAGE

31.4736 BTN

2023 GEL to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 33.0236. Conversely, the yearly low was recorded on January 14, dropping to 30.2486.

This high-to-low spread represents a total annual volatility of 2.7750 BTN. From a start-to-finish perspective, comparing the January average rate of 30.6993 to the December average rate of 31.0254, the exchange rate registered a net change of 1.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.0236 was up 5.33% compared to the 2022 peak of 31.3514, 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 165,118 BTN

2022 Average 135,436 BTN

Yearly Trough Low 151,243 BTN

Transaction Impact: A difference of 13,874.84 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.6616

30.5209

JanuMarcMayJulySeptNove

GEL to BTN 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 31.6927, compared to 31.2544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4383 points.

H1 Avg (Jan–Jun) 31.6927

H2 Avg (Jul–Dec) 31.2544

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.2821 BTN (High: 33.0236 / Low: 31.7415). On the other end, October was the most stable month, with a tight range of 0.3706 BTN (High: 31.1232 / Low: 30.7526).

May Spread (Volatile) ±1.2821

October Spread (Stable) ±0.3706

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 0.8980 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8980

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 32.3720) against the same month in 2022 (average: 26.0354), the exchange rate shifted by +6.3366 (+24.34%).

2023 Avg (May) 32.3720

2022 Avg (May) 26.0354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.1774	30.2486	30.6993
February	31.5026	30.8722	31.2549
March	32.2208	31.3680	31.8728
April	32.8194	32.0038	32.4832
May	33.0236	31.7415	32.3720
June	31.7249	31.0359	31.4741
July	32.1505	31.2210	31.7459
August	31.9228	31.3197	31.6539
September	31.8619	30.7117	31.3682
October	31.1232	30.7526	30.9393
November	31.0396	30.5153	30.7937
December	31.3404	30.8692	31.0254