2023 GEL to ISK Historical Review

YEARLY HIGH

55.5771 ISK

YEARLY LOW

49.5271 ISK

YEARLY AVERAGE

52.5760 ISK

2023 GEL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 55.5771. Conversely, the yearly low was recorded on August 30, dropping to 49.5271.

This high-to-low spread represents a total annual volatility of 6.0500 ISK. From a start-to-finish perspective, comparing the January average rate of 53.6148 to the December average rate of 51.3303, the exchange rate registered a net change of -4.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 55.5771 was up 2.08% compared to the 2022 peak of 54.4432, 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 277,885 ISK

2022 Average 233,291 ISK

Yearly Trough Low 247,636 ISK

Transaction Impact: A difference of 30,249.86 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

54.8751

49.9862

JanuMarcMayJulySeptNove

GEL to ISK 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 53.9003, compared to 51.2518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6484 points.

H1 Avg (Jan–Jun) 53.9003

H2 Avg (Jul–Dec) 51.2518

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.7857 ISK (High: 53.4610 / Low: 50.6753). On the other end, April was the most stable month, with a tight range of 1.1184 ISK (High: 54.6548 / Low: 53.5363).

November Spread (Volatile) ±2.7857

April Spread (Stable) ±1.1184

Growth Streaks & Declines

Trends

Between August and November, 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 1.6738 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 54.4677) against the same month in 2022 (average: 44.1313), the exchange rate shifted by +10.3364 (+23.42%).

2023 Avg (May) 54.4677

2022 Avg (May) 44.1313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.3894	52.4509	53.6148
February	54.9791	52.6966	54.1425
March	55.0775	53.2627	54.2430
April	54.6548	53.5363	54.1397
May	55.5771	53.2851	54.4677
June	54.0498	51.4532	52.7939
July	52.6679	50.6705	51.3068
August	50.8538	49.5271	50.3936
September	51.9901	50.1840	51.1350
October	52.3290	51.1577	51.5701
November	53.4610	50.6753	51.7752
December	52.4270	50.4312	51.3303