2023 GEL to PEN Historical Review

YEARLY HIGH

1.5071 PEN

YEARLY LOW

1.3717 PEN

YEARLY AVERAGE

1.4260 PEN

2023 GEL to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 1.5071. Conversely, the yearly low was recorded on December 26, dropping to 1.3717.

This high-to-low spread represents a total annual volatility of 0.1354 PEN. From a start-to-finish perspective, comparing the January average rate of 1.4346 to the December average rate of 1.3912, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5071 was up 3.69% compared to the 2022 peak of 1.4535, 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 7,536 PEN

2022 Average 6,600 PEN

Yearly Trough Low 6,859 PEN

Transaction Impact: A difference of 676.93 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5001

1.3813

JanuMarcMayJulySeptNove

GEL to PEN 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 1.4478, compared to 1.4042 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0437 points.

H1 Avg (Jan–Jun) 1.4478

H2 Avg (Jul–Dec) 1.4042

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0868 PEN (High: 1.4965 / Low: 1.4096). On the other end, July was the most stable month, with a tight range of 0.0233 PEN (High: 1.4061 / Low: 1.3828).

May Spread (Volatile) ±0.0868

July Spread (Stable) ±0.0233

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 0.0532 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0532

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.4902) against the same month in 2022 (average: 1.2217), the exchange rate shifted by +0.2685 (+21.98%).

2023 Avg (April) 1.4902

2022 Avg (April) 1.2217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4752	1.4037	1.4346
February	1.4751	1.4409	1.4522
March	1.4771	1.4428	1.4644
April	1.5071	1.4630	1.4902
May	1.4965	1.4096	1.4494
June	1.4172	1.3759	1.3962
July	1.4061	1.3828	1.3914
August	1.4252	1.3870	1.4111
September	1.4193	1.3857	1.4072
October	1.4394	1.4134	1.4284
November	1.4281	1.3759	1.3957
December	1.4146	1.3717	1.3912