2023 GEL to DOP Historical Review

YEARLY HIGH

21.9721 DOP

YEARLY LOW

20.7373 DOP

YEARLY AVERAGE

21.3432 DOP

2023 GEL to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 21.9721. Conversely, the yearly low was recorded on November 4, dropping to 20.7373.

This high-to-low spread represents a total annual volatility of 1.2347 DOP. From a start-to-finish perspective, comparing the January average rate of 21.2330 to the December average rate of 21.3472, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.9721 was up 4.82% compared to the 2022 peak of 20.9621, 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 109,860 DOP

2022 Average 94,515 DOP

Yearly Trough Low 103,687 DOP

Transaction Impact: A difference of 6,173.69 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.7652

20.9377

JanuMarcMayJulySeptNove

GEL to DOP 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 21.3266, compared to 21.3598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0332 points.

H1 Avg (Jan–Jun) 21.3266

H2 Avg (Jul–Dec) 21.3598

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.0266 DOP (High: 21.9721 / Low: 20.9454). On the other end, October was the most stable month, with a tight range of 0.2477 DOP (High: 21.2645 / Low: 21.0168).

May Spread (Volatile) ±1.0266

October Spread (Stable) ±0.2477

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4401 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4401

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 21.4540) against the same month in 2022 (average: 18.5879), the exchange rate shifted by +2.8661 (+15.42%).

2023 Avg (May) 21.4540

2022 Avg (May) 18.5879

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.5961	20.8351	21.2330
February	21.7429	21.0600	21.2592
March	21.5121	20.9872	21.3034
April	21.8304	21.4442	21.6963
May	21.9721	20.9454	21.4540
June	21.2274	20.8755	21.0139
July	21.8648	21.0766	21.5778
August	21.8657	21.5151	21.6453
September	21.7579	21.0228	21.4478
October	21.2645	21.0168	21.1341
November	21.1838	20.7373	21.0066
December	21.6413	21.0814	21.3472