2023 GEL to MNT Historical Review

YEARLY HIGH

1418.9516 MNT

YEARLY LOW

1261.8390 MNT

YEARLY AVERAGE

1320.2388 MNT

2023 GEL to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 1418.9516. Conversely, the yearly low was recorded on January 8, dropping to 1261.8390.

This high-to-low spread represents a total annual volatility of 157.1126 MNT. From a start-to-finish perspective, comparing the January average rate of 1278.3095 to the December average rate of 1284.6230, the exchange rate registered a net change of 0.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1418.9516 was up 10.37% compared to the 2022 peak of 1285.6473, 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 7,094,758 MNT

2022 Average 5,392,143 MNT

Yearly Trough Low 6,309,195 MNT

Transaction Impact: A difference of 785,563.13 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1407.7071

1265.0977

JanuMarcMayJulySeptNove

GEL to MNT 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 1336.2972, compared to 1304.1805 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.1167 points.

H1 Avg (Jan–Jun) 1336.2972

H2 Avg (Jul–Dec) 1304.1805

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 85.9302 MNT (High: 1381.3543 / Low: 1295.4241). On the other end, October was the most stable month, with a tight range of 14.3037 MNT (High: 1289.7196 / Low: 1275.4159).

March Spread (Volatile) ±85.9302

October Spread (Stable) ±14.3037

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 July and August, when the average rate fell by 38.4840 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -38.4840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 1384.4815) against the same month in 2022 (average: 1038.0738), the exchange rate shifted by +346.4077 (+33.37%).

2023 Avg (May) 1384.4815

2022 Avg (May) 1038.0738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1295.4241	1261.8390	1278.3095
February	1296.0400	1276.0170	1289.2588
March	1381.3543	1295.4241	1322.3095
April	1413.2530	1377.2994	1395.8230
May	1418.9516	1350.8637	1384.4815
June	1350.8637	1335.4839	1347.6009
July	1371.9298	1332.0463	1357.2533
August	1326.9231	1309.2979	1318.7693
September	1321.8391	1282.5279	1303.7528
October	1289.7196	1275.4159	1283.7026
November	1287.3134	1270.7182	1276.9818
December	1294.5591	1277.7778	1284.6230