2023 GEL to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 353.0080. Conversely, the yearly low was recorded on February 14, dropping to 296.5461.
This high-to-low spread represents a total annual volatility of 56.4619 CLP. From a start-to-finish perspective, comparing the January average rate of 308.8250 to the December average rate of 326.1794, the exchange rate registered a net change of 5.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 353.0080 was down 1.24% compared to the 2022 peak of 357.4392, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GEL to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 310.6513, compared to 329.4864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.8351 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 23.3376 CLP (High: 344.2104 / Low: 320.8728). On the other end, June was the most stable month, with a tight range of 7.8919 CLP (High: 309.5784 / Low: 301.6864).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 17.1623 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 345.1465) against the same month in 2022 (average: 343.4443), the exchange rate shifted by +1.7022 (+0.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 321.0685 | 301.7684 | 308.8250 |
| February | 316.8568 | 296.5461 | 303.1139 |
| March | 321.9419 | 308.1044 | 313.0835 |
| April | 325.2170 | 310.4652 | 319.3262 |
| May | 325.8470 | 305.1456 | 313.9054 |
| June | 309.5784 | 301.6864 | 305.6538 |
| July | 325.0817 | 307.0766 | 315.2966 |
| August | 333.1533 | 320.7970 | 327.4886 |
| September | 342.0382 | 324.6232 | 334.8233 |
| October | 353.0080 | 330.0766 | 345.1465 |
| November | 344.2104 | 320.8728 | 327.9842 |
| December | 331.9245 | 319.8772 | 326.1794 |