2023 GEL to INR Historical Review

YEARLY HIGH

32.9759 INR

YEARLY LOW

30.2670 INR

YEARLY AVERAGE

31.4825 INR

2023 GEL to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 32.9759. Conversely, the yearly low was recorded on January 12, dropping to 30.2670.

This high-to-low spread represents a total annual volatility of 2.7089 INR. From a start-to-finish perspective, comparing the January average rate of 30.6627 to the December average rate of 30.9963, the exchange rate registered a net change of 1.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.9759 was up 5.44% compared to the 2022 peak of 31.2750, 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 164,880 INR

2022 Average 135,467 INR

Yearly Trough Low 151,335 INR

Transaction Impact: A difference of 13,544.39 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.6910

30.4783

JanuMarcMayJulySeptNove

GEL to INR 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 31.6961, compared to 31.2688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4273 points.

H1 Avg (Jan–Jun) 31.6961

H2 Avg (Jul–Dec) 31.2688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.2419 INR (High: 32.9759 / Low: 31.7340). On the other end, November was the most stable month, with a tight range of 0.3495 INR (High: 30.9788 / Low: 30.6294).

May Spread (Volatile) ±1.2419

November Spread (Stable) ±0.3495

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 0.9173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 32.3856) against the same month in 2022 (average: 26.0638), the exchange rate shifted by +6.3218 (+24.26%).

2023 Avg (May) 32.3856

2022 Avg (May) 26.0638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.0907	30.2670	30.6627
February	31.4738	30.9108	31.2691
March	32.2593	31.3385	31.8844
April	32.8293	32.0280	32.5066
May	32.9759	31.7340	32.3856
June	31.6488	31.1190	31.4684
July	32.0011	31.4545	31.7811
August	31.9089	31.3276	31.6654
September	31.8934	30.8110	31.3829
October	31.1630	30.7754	30.9671
November	30.9788	30.6294	30.8203
December	31.3082	30.8145	30.9963