2023 GEL to NPR Historical Review

YEARLY HIGH

52.8371 NPR

YEARLY LOW

48.3979 NPR

YEARLY AVERAGE

50.3575 NPR

2023 GEL to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 52.8371. Conversely, the yearly low was recorded on January 14, dropping to 48.3979.

This high-to-low spread represents a total annual volatility of 4.4392 NPR. From a start-to-finish perspective, comparing the January average rate of 49.1192 to the December average rate of 49.6400, the exchange rate registered a net change of 1.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.8371 was up 5.33% compared to the 2022 peak of 50.1622, 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 264,186 NPR

2022 Average 216,684 NPR

Yearly Trough Low 241,990 NPR

Transaction Impact: A difference of 22,195.97 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.2592

48.8337

JanuMarcMayJulySeptNove

GEL to NPR 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 50.7082, compared to 50.0069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7014 points.

H1 Avg (Jan–Jun) 50.7082

H2 Avg (Jul–Dec) 50.0069

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.0586 NPR (High: 52.8371 / Low: 50.7785). On the other end, October was the most stable month, with a tight range of 0.5929 NPR (High: 49.7970 / Low: 49.2041).

May Spread (Volatile) ±2.0586

October Spread (Stable) ±0.5929

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 1.4352 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4352

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 51.7938) against the same month in 2022 (average: 41.6528), the exchange rate shifted by +10.1410 (+24.35%).

2023 Avg (May) 51.7938

2022 Avg (May) 41.6528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.8837	48.3979	49.1192
February	50.4041	49.3957	50.0077
March	51.5506	50.1887	50.9964
April	52.5111	51.2060	51.9738
May	52.8371	50.7785	51.7938
June	50.7600	49.6574	50.3586
July	51.4326	49.9535	50.7931
August	51.0766	50.1114	50.6460
September	50.9791	49.1388	50.1894
October	49.7970	49.2041	49.5025
November	49.6638	48.8243	49.2702
December	50.1446	49.3907	49.6400