2023 GEL to MWK Historical Review

YEARLY HIGH

632.7019 MWK

YEARLY LOW

379.1117 MWK

YEARLY AVERAGE

432.2238 MWK

2023 GEL to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 632.7019. Conversely, the yearly low was recorded on January 2, dropping to 379.1117.

This high-to-low spread represents a total annual volatility of 253.5903 MWK. From a start-to-finish perspective, comparing the January average rate of 383.8942 to the December average rate of 627.2160, the exchange rate registered a net change of 63.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 632.7019 was up 62.80% compared to the 2022 peak of 388.6310, 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 3,163,510 MWK

2022 Average 1,614,232 MWK

Yearly Trough Low 1,895,558 MWK

Transaction Impact: A difference of 1,267,951.33 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

651.5482

359.5620

JanuMarcMayJulySeptNove

GEL to MWK 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 395.4088, compared to 469.0389 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 73.6301 points.

H1 Avg (Jan–Jun) 395.4088

H2 Avg (Jul–Dec) 469.0389

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 215.1726 MWK (High: 627.8315 / Low: 412.6589). On the other end, December was the most stable month, with a tight range of 8.8904 MWK (High: 632.7019 / Low: 623.8116).

November Spread (Volatile) ±215.1726

December Spread (Stable) ±8.8904

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 May and June, when the average rate fell by 10.9689 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -10.9689

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 627.2160) against the same month in 2022 (average: 383.1593), the exchange rate shifted by +244.0568 (+63.70%).

2023 Avg (December) 627.2160

2022 Avg (December) 383.1593

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	390.7282	379.1117	383.8942
February	393.8974	384.0949	388.3750
March	406.6154	388.5932	398.0859
April	410.8000	400.1957	406.3183
May	413.5111	393.3020	403.3741
June	404.4399	385.7276	392.4051
July	410.7567	401.0130	406.5235
August	418.1446	400.6756	411.0518
September	420.6439	400.7093	409.8450
October	433.4188	403.2360	426.9654
November	627.8315	412.6589	532.6314
December	632.7019	623.8116	627.2160