2023 GEL to EUR Historical Review

YEARLY HIGH

0.3674 EUR

YEARLY LOW

0.3347 EUR

YEARLY AVERAGE

0.3523 EUR

2023 GEL to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.3674. Conversely, the yearly low was recorded on December 27, dropping to 0.3347.

This high-to-low spread represents a total annual volatility of 0.0328 EUR. From a start-to-finish perspective, comparing the January average rate of 0.3478 to the December average rate of 0.3409, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3674 was down 2.21% compared to the 2022 peak of 0.3757, 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 1,837 EUR

2022 Average 1,639 EUR

Yearly Trough Low 1,673 EUR

Transaction Impact: A difference of 163.84 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3639

0.3388

JanuMarcMayJulySeptNove

GEL to EUR 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 0.3565, compared to 0.3482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.3565

H2 Avg (Jul–Dec) 0.3482

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0143 EUR (High: 0.3596 / Low: 0.3453). On the other end, August was the most stable month, with a tight range of 0.0051 EUR (High: 0.3527 / Low: 0.3476).

February Spread (Volatile) ±0.0143

August Spread (Stable) ±0.0051

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 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3618) against the same month in 2022 (average: 0.2817), the exchange rate shifted by +0.0801 (+28.45%).

2023 Avg (March) 0.3618

2022 Avg (March) 0.2817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3532	0.3436	0.3478
February	0.3596	0.3453	0.3536
March	0.3674	0.3564	0.3618
April	0.3651	0.3559	0.3610
May	0.3668	0.3550	0.3616
June	0.3582	0.3463	0.3532
July	0.3543	0.3454	0.3497
August	0.3527	0.3476	0.3504
September	0.3581	0.3486	0.3539
October	0.3571	0.3477	0.3522
November	0.3479	0.3366	0.3421
December	0.3486	0.3347	0.3409