2023 GEL to COP Historical Review

YEARLY HIGH

1887.8552 COP

YEARLY LOW

1427.2763 COP

YEARLY AVERAGE

1650.0930 COP

2023 GEL to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 1887.8552. Conversely, the yearly low was recorded on December 27, dropping to 1427.2763.

This high-to-low spread represents a total annual volatility of 460.5789 COP. From a start-to-finish perspective, comparing the January average rate of 1768.1067 to the December average rate of 1473.4116, the exchange rate registered a net change of -16.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1887.8552 was up 1.40% compared to the 2022 peak of 1861.7545, 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 9,439,276 COP

2022 Average 7,357,155 COP

Yearly Trough Low 7,136,382 COP

Transaction Impact: A difference of 2,302,894.36 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1881.6393

1436.3000

JanuMarcMayJulySeptNove

GEL to COP 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 1770.2674, compared to 1529.9186 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 240.3487 points.

H1 Avg (Jan–Jun) 1770.2674

H2 Avg (Jul–Dec) 1529.9186

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 202.2650 COP (High: 1887.4950 / Low: 1685.2299). On the other end, November was the most stable month, with a tight range of 53.4360 COP (High: 1519.5730 / Low: 1466.1370).

May Spread (Volatile) ±202.2650

November Spread (Stable) ±53.4360

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 177.6135 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -177.6135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1844.5277) against the same month in 2022 (average: 1180.4040), the exchange rate shifted by +664.1237 (+56.26%).

2023 Avg (March) 1844.5277

2022 Avg (March) 1180.4040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1841.6155	1695.5278	1768.1067
February	1887.1824	1756.5012	1814.7861
March	1887.8552	1807.1445	1844.5277
April	1863.3916	1742.8227	1798.4830
May	1887.4950	1685.2299	1786.6571
June	1699.7363	1555.2331	1609.0436
July	1618.6185	1520.2617	1571.8198
August	1592.8441	1505.9299	1556.6773
September	1563.9172	1456.5845	1515.2086
October	1624.0299	1511.6518	1570.5726
November	1519.5730	1466.1370	1491.8220
December	1498.8626	1427.2763	1473.4116