2023 GEL to EGP Historical Review

YEARLY HIGH

12.4819 EGP

YEARLY LOW

9.1536 EGP

YEARLY AVERAGE

11.6899 EGP

2023 GEL to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 12.4819. Conversely, the yearly low was recorded on January 2, dropping to 9.1536.

This high-to-low spread represents a total annual volatility of 3.3283 EGP. From a start-to-finish perspective, comparing the January average rate of 10.7431 to the December average rate of 11.5057, the exchange rate registered a net change of 7.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.4819 was up 33.64% compared to the 2022 peak of 9.3402, 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 62,410 EGP

2022 Average 33,277 EGP

Yearly Trough Low 45,768 EGP

Transaction Impact: A difference of 16,641.53 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.3831

10.5940

JanuMarcMayJulySeptNove

GEL to EGP 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 11.7364, compared to 11.6434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0931 points.

H1 Avg (Jan–Jun) 11.7364

H2 Avg (Jul–Dec) 11.6434

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.3222 EGP (High: 11.4759 / Low: 9.1536). On the other end, October was the most stable month, with a tight range of 0.1397 EGP (High: 11.5636 / Low: 11.4239).

January Spread (Volatile) ±2.3222

October Spread (Stable) ±0.1397

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 0.3016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 12.1334) against the same month in 2022 (average: 6.2148), the exchange rate shifted by +5.9186 (+95.23%).

2023 Avg (May) 12.1334

2022 Avg (May) 6.2148

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4759	9.1536	10.7431
February	11.6478	11.4174	11.5317
March	12.1161	11.6465	11.9447
April	12.4226	12.0285	12.2340
May	12.4819	11.8600	12.1334
June	11.8810	11.7250	11.8318
July	12.0453	11.8321	11.9397
August	11.9150	11.7264	11.8131
September	11.8381	11.4739	11.6764
October	11.5636	11.4239	11.4930
November	11.5331	11.3326	11.4324
December	11.6139	11.4484	11.5057