2023 GEL to GBP Historical Review

YEARLY HIGH

0.3271 GBP

YEARLY LOW

0.2904 GBP

YEARLY AVERAGE

0.3067 GBP

2023 GEL to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.3271. Conversely, the yearly low was recorded on December 27, dropping to 0.2904.

This high-to-low spread represents a total annual volatility of 0.0367 GBP. From a start-to-finish perspective, comparing the January average rate of 0.3064 to the December average rate of 0.2940, the exchange rate registered a net change of -4.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3271 was down 0.54% compared to the 2022 peak of 0.3289, 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 1,635 GBP

2022 Average 1,400 GBP

Yearly Trough Low 1,452 GBP

Transaction Impact: A difference of 183.31 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3220

0.2914

JanuMarcMayJulySeptNove

GEL to GBP 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 0.3128, compared to 0.3006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.3128

H2 Avg (Jul–Dec) 0.3006

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0141 GBP (High: 0.3226 / Low: 0.3085). On the other end, August was the most stable month, with a tight range of 0.0036 GBP (High: 0.3024 / Low: 0.2988).

May Spread (Volatile) ±0.0141

August Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between July and October, 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 0.0123 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0123

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3194) against the same month in 2022 (average: 0.2355), the exchange rate shifted by +0.0839 (+35.63%).

2023 Avg (March) 0.3194

2022 Avg (March) 0.2355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3112	0.3043	0.3064
February	0.3178	0.3069	0.3137
March	0.3271	0.3158	0.3194
April	0.3220	0.3140	0.3187
May	0.3226	0.3085	0.3153
June	0.3082	0.2978	0.3031
July	0.3033	0.2958	0.3002
August	0.3024	0.2988	0.3010
September	0.3084	0.3014	0.3051
October	0.3095	0.3019	0.3057
November	0.3036	0.2913	0.2979
December	0.2990	0.2904	0.2940