2023 GEL to LRD Historical Review

YEARLY HIGH

72.2222 LRD

YEARLY LOW

57.2222 LRD

YEARLY AVERAGE

66.5356 LRD

2023 GEL to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 72.2222. Conversely, the yearly low was recorded on January 5, dropping to 57.2222.

This high-to-low spread represents a total annual volatility of 15.0000 LRD. From a start-to-finish perspective, comparing the January average rate of 58.3006 to the December average rate of 70.0882, the exchange rate registered a net change of 20.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 72.2222 was up 23.86% compared to the 2022 peak of 58.3113, 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 361,111 LRD

2022 Average 263,096 LRD

Yearly Trough Low 286,111 LRD

Transaction Impact: A difference of 75,000.09 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

72.5094

57.0089

JanuMarcMayJulySeptNove

GEL to LRD 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 62.7684, compared to 70.3029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.5345 points.

H1 Avg (Jan–Jun) 62.7684

H2 Avg (Jul–Dec) 70.3029

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 4.1939 LRD (High: 69.1171 / Low: 64.9232). On the other end, October was the most stable month, with a tight range of 0.5018 LRD (High: 69.8178 / Low: 69.3161).

June Spread (Volatile) ±4.1939

October Spread (Stable) ±0.5018

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.8834 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.8834

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 71.0400) against the same month in 2022 (average: 52.1929), the exchange rate shifted by +18.8471 (+36.11%).

2023 Avg (July) 71.0400

2022 Avg (July) 52.1929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.6008	57.2222	58.3006
February	60.4563	58.1383	59.2084
March	63.7095	59.8642	61.8326
April	66.3655	63.5812	64.7036
May	66.7606	64.7573	65.6915
June	69.1171	64.9232	66.8737
July	72.2222	69.0038	71.0400
August	71.7308	70.5882	71.2177
September	71.3218	69.2937	70.4200
October	69.8178	69.3161	69.5367
November	70.0746	69.0608	69.5147
December	70.6379	69.6852	70.0882