2023 GEL to CNY Historical Review

YEARLY HIGH

2.8175 CNY

YEARLY LOW

2.5011 CNY

YEARLY AVERAGE

2.6964 CNY

2023 GEL to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 2.8175. Conversely, the yearly low was recorded on January 14, dropping to 2.5011.

This high-to-low spread represents a total annual volatility of 0.3165 CNY. From a start-to-finish perspective, comparing the January average rate of 2.5482 to the December average rate of 2.6506, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8175 was up 5.34% compared to the 2022 peak of 2.6747, 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 14,088 CNY

2022 Average 11,605 CNY

Yearly Trough Low 12,505 CNY

Transaction Impact: A difference of 1,582.31 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8019

2.5251

JanuMarcMayJulySeptNove

GEL to CNY 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 2.6718, compared to 2.7211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0493 points.

H1 Avg (Jan–Jun) 2.6718

H2 Avg (Jul–Dec) 2.7211

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1011 CNY (High: 2.6407 / Low: 2.5396). On the other end, August was the most stable month, with a tight range of 0.0502 CNY (High: 2.7909 / Low: 2.7406).

February Spread (Volatile) ±0.1011

August Spread (Stable) ±0.0502

Growth Streaks & Declines

Trends

Between January and May, 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 September and October, when the average rate fell by 0.0491 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.7788) against the same month in 2022 (average: 2.3040), the exchange rate shifted by +0.4748 (+20.61%).

2023 Avg (July) 2.7788

2022 Avg (July) 2.3040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5795	2.5011	2.5482
February	2.6407	2.5396	2.5899
March	2.6963	2.6118	2.6723
April	2.7759	2.6891	2.7317
May	2.7871	2.6985	2.7492
June	2.7842	2.7145	2.7397
July	2.8175	2.7462	2.7788
August	2.7909	2.7406	2.7673
September	2.8080	2.7126	2.7559
October	2.7295	2.6602	2.7068
November	2.7100	2.6168	2.6669
December	2.6880	2.6240	2.6506