2023 GEL to NIO Historical Review

YEARLY HIGH

14.7412 NIO

YEARLY LOW

13.4493 NIO

YEARLY AVERAGE

13.9377 NIO

2023 GEL to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 14.7412. Conversely, the yearly low was recorded on November 5, dropping to 13.4493.

This high-to-low spread represents a total annual volatility of 1.2919 NIO. From a start-to-finish perspective, comparing the January average rate of 13.6873 to the December average rate of 13.6536, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.7412 was up 6.84% compared to the 2022 peak of 13.7977, 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 73,706 NIO

2022 Average 61,737 NIO

Yearly Trough Low 67,247 NIO

Transaction Impact: A difference of 6,459.55 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.5785

13.4519

JanuMarcMayJulySeptNove

GEL to NIO 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 14.0846, compared to 13.7908 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2938 points.

H1 Avg (Jan–Jun) 14.0846

H2 Avg (Jul–Dec) 13.7908

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.7061 NIO (High: 14.7412 / Low: 14.0352). On the other end, October was the most stable month, with a tight range of 0.1575 NIO (High: 13.6878 / Low: 13.5304).

May Spread (Volatile) ±0.7061

October Spread (Stable) ±0.1575

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 0.3785 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3785

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 14.3772) against the same month in 2022 (average: 12.0662), the exchange rate shifted by +2.3111 (+19.15%).

2023 Avg (May) 14.3772

2022 Avg (May) 12.0662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.9003	13.4741	13.6873
February	13.9890	13.6492	13.8093
March	14.3572	13.8517	14.1505
April	14.6140	14.2857	14.4847
May	14.7412	14.0352	14.3772
June	14.0545	13.8627	13.9988
July	14.2566	13.9248	14.1261
August	14.0987	13.8762	13.9848
September	14.0161	13.5554	13.8231
October	13.6878	13.5304	13.6113
November	13.6481	13.4493	13.5458
December	13.7899	13.5626	13.6536