2023 GEL to HRK Historical Review

YEARLY HIGH

2.7683 HRK

YEARLY LOW

2.5215 HRK

YEARLY AVERAGE

2.6564 HRK

2023 GEL to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 2.7683. Conversely, the yearly low was recorded on December 27, dropping to 2.5215.

This high-to-low spread represents a total annual volatility of 0.2468 HRK. From a start-to-finish perspective, comparing the January average rate of 2.6203 to the December average rate of 2.5696, the exchange rate registered a net change of -1.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7683 was down 2.24% compared to the 2022 peak of 2.8318, 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 13,842 HRK

2022 Average 12,349 HRK

Yearly Trough Low 12,608 HRK

Transaction Impact: A difference of 1,234.13 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7452

2.5536

JanuMarcMayJulySeptNove

GEL to HRK 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 2.6887, compared to 2.6241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0647 points.

H1 Avg (Jan–Jun) 2.6887

H2 Avg (Jul–Dec) 2.6241

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1095 HRK (High: 2.7114 / Low: 2.6019). On the other end, August was the most stable month, with a tight range of 0.0387 HRK (High: 2.6574 / Low: 2.6187).

February Spread (Volatile) ±0.1095

August Spread (Stable) ±0.0387

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 0.0757 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.7287) against the same month in 2022 (average: 2.1319), the exchange rate shifted by +0.5968 (+28.00%).

2023 Avg (March) 2.7287

2022 Avg (March) 2.1319

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6523	2.5889	2.6203
February	2.7114	2.6019	2.6658
March	2.7683	2.6851	2.7287
April	2.7509	2.7006	2.7267
May	2.7639	2.6813	2.7292
June	2.6988	2.6096	2.6617
July	2.6697	2.6061	2.6352
August	2.6574	2.6187	2.6405
September	2.6988	2.6273	2.6673
October	2.6906	2.6205	2.6538
November	2.6218	2.5361	2.5781
December	2.6273	2.5215	2.5696