2023 GEL to DKK Historical Review

YEARLY HIGH

2.7344 DKK

YEARLY LOW

2.4949 DKK

YEARLY AVERAGE

2.6270 DKK

2023 GEL to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 2.7344. Conversely, the yearly low was recorded on December 27, dropping to 2.4949.

This high-to-low spread represents a total annual volatility of 0.2395 DKK. From a start-to-finish perspective, comparing the January average rate of 2.5880 to the December average rate of 2.5426, the exchange rate registered a net change of -1.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7344 was down 2.20% compared to the 2022 peak of 2.7959, 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 13,672 DKK

2022 Average 12,196 DKK

Yearly Trough Low 12,474 DKK

Transaction Impact: A difference of 1,197.70 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7135

2.5271

JanuMarcMayJulySeptNove

GEL to DKK 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 2.6575, compared to 2.5965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0610 points.

H1 Avg (Jan–Jun) 2.6575

H2 Avg (Jul–Dec) 2.5965

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1105 DKK (High: 2.6789 / Low: 2.5684). On the other end, August was the most stable month, with a tight range of 0.0384 DKK (High: 2.6286 / Low: 2.5902).

February Spread (Volatile) ±0.1105

August Spread (Stable) ±0.0384

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 October and November, when the average rate fell by 0.0759 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0759

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.6964) against the same month in 2022 (average: 2.0961), the exchange rate shifted by +0.6004 (+28.64%).

2023 Avg (March) 2.6964

2022 Avg (March) 2.0961

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6265	2.5558	2.5880
February	2.6789	2.5684	2.6340
March	2.7344	2.6522	2.6964
April	2.7205	2.6709	2.6967
May	2.7321	2.6505	2.6980
June	2.6683	2.5791	2.6315
July	2.6391	2.5763	2.6058
August	2.6286	2.5902	2.6116
September	2.6716	2.5998	2.6396
October	2.6633	2.5954	2.6276
November	2.5971	2.5091	2.5517
December	2.5991	2.4949	2.5426