2023 GEL to CDF Historical Review

YEARLY HIGH

1039.4767 CDF

YEARLY LOW

750.7407 CDF

YEARLY AVERAGE

889.4062 CDF

2023 GEL to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1039.4767. Conversely, the yearly low was recorded on January 7, dropping to 750.7407.

This high-to-low spread represents a total annual volatility of 288.7360 CDF. From a start-to-finish perspective, comparing the January average rate of 768.7130 to the December average rate of 1013.7491, the exchange rate registered a net change of 31.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1039.4767 was up 33.81% compared to the 2022 peak of 776.8152, 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 5,197,383 CDF

2022 Average 3,476,490 CDF

Yearly Trough Low 3,753,704 CDF

Transaction Impact: A difference of 1,443,679.75 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1038.2527

744.2094

JanuMarcMayJulySeptNove

GEL to CDF 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 823.4942, compared to 955.3182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 131.8240 points.

H1 Avg (Jan–Jun) 823.4942

H2 Avg (Jul–Dec) 955.3182

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 122.8348 CDF (High: 917.0095 / Low: 794.1748). On the other end, August was the most stable month, with a tight range of 20.7911 CDF (High: 955.9056 / Low: 935.1145).

May Spread (Volatile) ±122.8348

August Spread (Stable) ±20.7911

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 July and August, when the average rate fell by 8.1859 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -8.1859

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1013.7491) against the same month in 2022 (average: 764.6183), the exchange rate shifted by +249.1309 (+32.58%).

2023 Avg (December) 1013.7491

2022 Avg (December) 764.6183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	787.3677	750.7407	768.7130
February	789.9824	767.3546	780.4884
March	812.4212	785.1437	801.7653
April	871.2294	801.7613	825.6025
May	917.0095	794.1748	860.5596
June	923.3716	889.7028	903.8363
July	982.6590	923.3716	954.7254
August	955.9056	935.1145	946.5396
September	956.1880	919.0320	938.6009
October	963.8219	922.3054	936.9756
November	1006.5941	906.3124	941.3185
December	1039.4767	990.7063	1013.7491