2023 GEL to KMF Historical Review

YEARLY HIGH

181.2404 KMF

YEARLY LOW

164.8884 KMF

YEARLY AVERAGE

173.6744 KMF

2023 GEL to KMF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 181.2404. Conversely, the yearly low was recorded on December 27, dropping to 164.8884.

This high-to-low spread represents a total annual volatility of 16.3519 KMF. From a start-to-finish perspective, comparing the January average rate of 171.4738 to the December average rate of 167.9892, the exchange rate registered a net change of -2.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 181.2404 was down 1.00% compared to the 2022 peak of 183.0727, 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 906,202 KMF

2022 Average 805,631 KMF

Yearly Trough Low 824,442 KMF

Transaction Impact: A difference of 81,759.74 KMF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

179.6430

166.9297

JanuMarcMayJulySeptNove

GEL to KMF 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 175.7848, compared to 171.5640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.2208 points.

H1 Avg (Jan–Jun) 175.7848

H2 Avg (Jul–Dec) 171.5640

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 6.9126 KMF (High: 171.8011 / Low: 164.8884). On the other end, August was the most stable month, with a tight range of 2.4522 KMF (High: 173.4414 / Low: 170.9892).

December Spread (Volatile) ±6.9126

August Spread (Stable) ±2.4522

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 4.5838 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.5838

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 178.5836) against the same month in 2022 (average: 138.7220), the exchange rate shifted by +39.8616 (+28.73%).

2023 Avg (March) 178.5836

2022 Avg (March) 138.7220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	173.6873	169.7108	171.4738
February	177.1918	171.5779	174.1254
March	181.2404	175.5229	178.5836
April	180.2381	176.5228	178.0559
May	180.2212	175.2039	178.2917
June	177.1017	171.4705	174.1784
July	174.5804	170.3963	172.2723
August	173.4414	170.9892	172.5632
September	176.1877	171.5799	174.1732
October	176.0187	171.5528	173.4850
November	172.0994	165.8503	168.9012
December	171.8011	164.8884	167.9892