2023 GEL to JOD Historical Review

YEARLY HIGH

0.2860 JOD

YEARLY LOW

0.2613 JOD

YEARLY AVERAGE

0.2704 JOD

2023 GEL to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 0.2860. Conversely, the yearly low was recorded on November 4, dropping to 0.2613.

This high-to-low spread represents a total annual volatility of 0.0248 JOD. From a start-to-finish perspective, comparing the January average rate of 0.2662 to the December average rate of 0.2642, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2860 was up 6.82% compared to the 2022 peak of 0.2678, 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 1,430 JOD

2022 Average 1,220 JOD

Yearly Trough Low 1,306 JOD

Transaction Impact: A difference of 123.98 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2833

0.2607

JanuMarcMayJulySeptNove

GEL to JOD 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 0.2737, compared to 0.2672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.2737

H2 Avg (Jul–Dec) 0.2672

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0138 JOD (High: 0.2860 / Low: 0.2723). On the other end, October was the most stable month, with a tight range of 0.0031 JOD (High: 0.2653 / Low: 0.2622).

May Spread (Volatile) ±0.0138

October Spread (Stable) ±0.0031

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 0.0075 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.2791) against the same month in 2022 (average: 0.2390), the exchange rate shifted by +0.0402 (+16.81%).

2023 Avg (May) 0.2791

2022 Avg (May) 0.2390

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2697	0.2627	0.2662
February	0.2699	0.2657	0.2685
March	0.2785	0.2697	0.2751
April	0.2849	0.2777	0.2814
May	0.2860	0.2723	0.2791
June	0.2724	0.2693	0.2717
July	0.2765	0.2718	0.2742
August	0.2724	0.2687	0.2706
September	0.2713	0.2636	0.2678
October	0.2653	0.2622	0.2640
November	0.2647	0.2613	0.2626
December	0.2662	0.2627	0.2642