2023 GEL to GNF Historical Review

YEARLY HIGH

3482.8974 GNF

YEARLY LOW

3158.3337 GNF

YEARLY AVERAGE

3286.3979 GNF

2023 GEL to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 3482.8974. Conversely, the yearly low was recorded on November 2, dropping to 3158.3337.

This high-to-low spread represents a total annual volatility of 324.5637 GNF. From a start-to-finish perspective, comparing the January average rate of 3251.6541 to the December average rate of 3203.0058, the exchange rate registered a net change of -1.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3482.8974 was up 5.20% compared to the 2022 peak of 3310.7345, 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 17,414,487 GNF

2022 Average 15,143,567 GNF

Yearly Trough Low 15,791,668 GNF

Transaction Impact: A difference of 1,622,818.65 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3434.0821

3160.2427

JanuMarcMayJulySeptNove

GEL to GNF 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 3329.8627, compared to 3242.9331 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 86.9296 points.

H1 Avg (Jan–Jun) 3329.8627

H2 Avg (Jul–Dec) 3242.9331

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 174.9579 GNF (High: 3482.8974 / Low: 3307.9395). On the other end, October was the most stable month, with a tight range of 39.9817 GNF (High: 3221.1153 / Low: 3181.1336).

May Spread (Volatile) ±174.9579

October Spread (Stable) ±39.9817

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 90.0838 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -90.0838

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 3393.1963) against the same month in 2022 (average: 2975.7584), the exchange rate shifted by +417.4378 (+14.03%).

2023 Avg (May) 3393.1963

2022 Avg (May) 2975.7584

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3346.0076	3192.7325	3251.6541
February	3327.0321	3226.0735	3271.4898
March	3395.4858	3297.5703	3348.4613
April	3441.0000	3360.8976	3411.2622
May	3482.8974	3307.9395	3393.1963
June	3320.5374	3263.1101	3303.1124
July	3361.1429	3273.1999	3328.1054
August	3322.4568	3258.0922	3291.6041
September	3297.1429	3180.9141	3251.6775
October	3221.1153	3181.1336	3200.1429
November	3213.5323	3158.3337	3183.0626
December	3230.6215	3182.1561	3203.0058