2023 GEL to CVE Historical Review

YEARLY HIGH

40.5534 CVE

YEARLY LOW

37.0096 CVE

YEARLY AVERAGE

38.9240 CVE

2023 GEL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 40.5534. Conversely, the yearly low was recorded on December 29, dropping to 37.0096.

This high-to-low spread represents a total annual volatility of 3.5438 CVE. From a start-to-finish perspective, comparing the January average rate of 38.4502 to the December average rate of 37.6721, the exchange rate registered a net change of -2.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 40.5534 was down 4.06% compared to the 2022 peak of 42.2694, 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 202,767 CVE

2022 Average 181,170 CVE

Yearly Trough Low 185,048 CVE

Transaction Impact: A difference of 17,719.14 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.2233

37.4402

JanuMarcMayJulySeptNove

GEL to CVE 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 39.4033, compared to 38.4447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9586 points.

H1 Avg (Jan–Jun) 39.4033

H2 Avg (Jul–Dec) 38.4447

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.7905 CVE (High: 40.1533 / Low: 38.3627). On the other end, August was the most stable month, with a tight range of 0.6659 CVE (High: 38.9313 / Low: 38.2654).

June Spread (Volatile) ±1.7905

August Spread (Stable) ±0.6659

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 October and November, when the average rate fell by 1.0305 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0305

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 39.9586) against the same month in 2022 (average: 31.1725), the exchange rate shifted by +8.7861 (+28.19%).

2023 Avg (March) 39.9586

2022 Avg (March) 31.1725

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.8352	37.9257	38.4502
February	39.7027	38.3594	39.0031
March	40.5534	39.3389	39.9586
April	40.3297	39.4020	39.9413
May	40.4635	39.1456	39.9914
June	40.1533	38.3627	39.0753
July	39.2189	38.0668	38.5999
August	38.9313	38.2654	38.6490
September	39.5259	38.4042	39.0256
October	39.4170	38.4864	38.8760
November	38.6556	37.2012	37.8455
December	38.5741	37.0096	37.6721