2023 GEL to CAD Historical Review

YEARLY HIGH

0.5497 CAD

YEARLY LOW

0.4906 CAD

YEARLY AVERAGE

0.5148 CAD

2023 GEL to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.5497. Conversely, the yearly low was recorded on December 26, dropping to 0.4906.

This high-to-low spread represents a total annual volatility of 0.0591 CAD. From a start-to-finish perspective, comparing the January average rate of 0.5035 to the December average rate of 0.4994, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5497 was up 6.24% compared to the 2022 peak of 0.5174, 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 2,748 CAD

2022 Average 2,243 CAD

Yearly Trough Low 2,453 CAD

Transaction Impact: A difference of 295.34 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5398

0.4957

JanuMarcMayJulySeptNove

GEL to CAD 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 0.5202, compared to 0.5093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.5202

H2 Avg (Jul–Dec) 0.5093

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0289 CAD (High: 0.5497 / Low: 0.5208). On the other end, July was the most stable month, with a tight range of 0.0082 CAD (High: 0.5158 / Low: 0.5076).

May Spread (Volatile) ±0.0289

July Spread (Stable) ±0.0082

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 0.0234 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5322) against the same month in 2022 (average: 0.4329), the exchange rate shifted by +0.0994 (+22.96%).

2023 Avg (May) 0.5322

2022 Avg (May) 0.4329

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5093	0.4976	0.5035
February	0.5189	0.5012	0.5093
March	0.5374	0.5167	0.5312
April	0.5462	0.5266	0.5362
May	0.5497	0.5208	0.5322
June	0.5161	0.4991	0.5089
July	0.5158	0.5076	0.5116
August	0.5190	0.5104	0.5155
September	0.5243	0.5010	0.5121
October	0.5151	0.5050	0.5103
November	0.5131	0.5012	0.5074
December	0.5101	0.4906	0.4994