2023 GEL to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 141.2908. Conversely, the yearly low was recorded on June 2, dropping to 111.2165.
This high-to-low spread represents a total annual volatility of 30.0743 LKR. From a start-to-finish perspective, comparing the January average rate of 137.2170 to the December average rate of 121.6629, the exchange rate registered a net change of -11.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 141.2908 was up 1.54% compared to the 2022 peak of 139.1477, 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 LKR 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 128.4252, compared to 122.0847 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.3406 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 16.8427 LKR (High: 141.2908 / Low: 124.4481). On the other end, October was the most stable month, with a tight range of 1.2251 LKR (High: 121.5438 / Low: 120.3186).
Growth Streaks & Declines
TrendsBetween October and December, 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 February and March, when the average rate fell by 8.5149 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 129.6327) against the same month in 2022 (average: 79.3512), the exchange rate shifted by +50.2815 (+63.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 139.7275 | 135.3862 | 137.2170 |
| February | 140.1406 | 136.7752 | 138.1476 |
| March | 141.2908 | 124.4481 | 129.6327 |
| April | 129.6364 | 124.2812 | 127.7039 |
| May | 128.9132 | 112.8440 | 121.9485 |
| June | 122.8569 | 111.2165 | 115.9016 |
| July | 128.0126 | 117.2557 | 123.4921 |
| August | 124.4438 | 121.3241 | 122.9923 |
| September | 123.7244 | 120.1147 | 122.1286 |
| October | 121.5438 | 120.3186 | 120.9136 |
| November | 122.3039 | 120.1900 | 121.3183 |
| December | 123.0237 | 120.3131 | 121.6629 |