2023 GEL to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 540.2916. Conversely, the yearly low was recorded on January 10, dropping to 461.0123.
This high-to-low spread represents a total annual volatility of 79.2793 KRW. From a start-to-finish perspective, comparing the January average rate of 466.1770 to the December average rate of 484.6003, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 540.2916 was up 3.05% compared to the 2022 peak of 524.2752, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GEL to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 499.8744, compared to 496.2564 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6180 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 37.9183 KRW (High: 502.6616 / Low: 464.7433). On the other end, October was the most stable month, with a tight range of 10.7147 KRW (High: 508.4355 / Low: 497.7208).
Growth Streaks & Declines
TrendsBetween 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 26.3390 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 522.4523) against the same month in 2022 (average: 427.0014), the exchange rate shifted by +95.4509 (+22.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 476.5009 | 461.0123 | 466.1770 |
| February | 502.6616 | 464.7433 | 484.3102 |
| March | 512.9207 | 496.5989 | 505.9819 |
| April | 537.4175 | 512.3454 | 524.2116 |
| May | 540.2916 | 507.5202 | 522.4523 |
| June | 508.0211 | 485.8027 | 496.1133 |
| July | 504.6416 | 491.1444 | 496.8605 |
| August | 513.8356 | 495.9229 | 505.9476 |
| September | 511.5019 | 496.5260 | 504.0584 |
| October | 508.4355 | 497.7208 | 502.4363 |
| November | 496.6009 | 477.0704 | 483.6354 |
| December | 494.4315 | 478.0924 | 484.6003 |