2023 GEL to NZD Historical Review

YEARLY HIGH

0.6518 NZD

YEARLY LOW

0.5812 NZD

YEARLY AVERAGE

0.6211 NZD

2023 GEL to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 0.6518. Conversely, the yearly low was recorded on January 17, dropping to 0.5812.

This high-to-low spread represents a total annual volatility of 0.0706 NZD. From a start-to-finish perspective, comparing the January average rate of 0.5858 to the December average rate of 0.5979, the exchange rate registered a net change of 2.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6518 was down 0.06% compared to the 2022 peak of 0.6522, 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 3,259 NZD

2022 Average 2,720 NZD

Yearly Trough Low 2,906 NZD

Transaction Impact: A difference of 352.99 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6441

0.5804

JanuMarcMayJulySeptNove

GEL to NZD 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 0.6183, compared to 0.6239 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.6183

H2 Avg (Jul–Dec) 0.6239

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0345 NZD (High: 0.6515 / Low: 0.6170). On the other end, January was the most stable month, with a tight range of 0.0151 NZD (High: 0.5962 / Low: 0.5812).

May Spread (Volatile) ±0.0345

January Spread (Stable) ±0.0151

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 November and December, when the average rate fell by 0.0193 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.6375) against the same month in 2022 (average: 0.5928), the exchange rate shifted by +0.0447 (+7.55%).

2023 Avg (September) 0.6375

2022 Avg (September) 0.5928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5962	0.5812	0.5858
February	0.6170	0.5836	0.6026
March	0.6341	0.6081	0.6246
April	0.6510	0.6195	0.6388
May	0.6515	0.6170	0.6338
June	0.6330	0.6157	0.6242
July	0.6308	0.6076	0.6214
August	0.6462	0.6265	0.6384
September	0.6518	0.6213	0.6375
October	0.6406	0.6154	0.6313
November	0.6320	0.6004	0.6172
December	0.6127	0.5856	0.5979