2023 GEL to IQD Historical Review

YEARLY HIGH

587.9276 IQD

YEARLY LOW

478.5642 IQD

YEARLY AVERAGE

518.5062 IQD

2023 GEL to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 587.9276. Conversely, the yearly low was recorded on November 4, dropping to 478.5642.

This high-to-low spread represents a total annual volatility of 109.3634 IQD. From a start-to-finish perspective, comparing the January average rate of 547.6846 to the December average rate of 488.0361, the exchange rate registered a net change of -10.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 587.9276 was up 6.44% compared to the 2022 peak of 552.3619, 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 2,939,638 IQD

2022 Average 2,511,688 IQD

Yearly Trough Low 2,392,821 IQD

Transaction Impact: A difference of 546,816.82 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

584.6304

474.9128

JanuMarcMayJulySeptNove

GEL to IQD 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 543.5605, compared to 493.4520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 50.1085 points.

H1 Avg (Jan–Jun) 543.5605

H2 Avg (Jul–Dec) 493.4520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 85.1711 IQD (High: 587.9276 / Low: 502.7564). On the other end, October was the most stable month, with a tight range of 5.9989 IQD (High: 490.0713 / Low: 484.0724).

May Spread (Volatile) ±85.1711

October Spread (Stable) ±5.9989

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 April and May, when the average rate fell by 56.3532 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -56.3532

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 519.1340) against the same month in 2022 (average: 492.0072), the exchange rate shifted by +27.1268 (+5.51%).

2023 Avg (May) 519.1340

2022 Avg (May) 492.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	555.2234	540.6230	547.6846
February	560.3719	546.1641	552.4084
March	573.1109	555.0468	565.1206
April	586.7470	525.5450	575.4872
May	587.9276	502.7564	519.1340
June	503.4256	496.5812	501.5279
July	510.8118	498.6957	505.9993
August	504.8035	496.8876	500.6290
September	501.6498	485.0980	494.8732
October	490.0713	484.0724	487.1183
November	488.6902	478.5642	484.0560
December	492.0169	485.0856	488.0361