2023 GEL to PYG Historical Review

YEARLY HIGH

2904.2341 PYG

YEARLY LOW

2695.7592 PYG

YEARLY AVERAGE

2778.2725 PYG

2023 GEL to PYG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 2904.2341. Conversely, the yearly low was recorded on September 24, dropping to 2695.7592.

This high-to-low spread represents a total annual volatility of 208.4749 PYG. From a start-to-finish perspective, comparing the January average rate of 2767.7088 to the December average rate of 2739.9527, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2904.2341 was up 6.15% compared to the 2022 peak of 2736.0645, 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 14,521,171 PYG

2022 Average 12,017,861 PYG

Yearly Trough Low 13,478,796 PYG

Transaction Impact: A difference of 1,042,374.63 PYG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2849.4853

2729.9952

JanuMarcMayJulySeptNove

GEL to PYG 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 2794.4540, compared to 2762.0911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.3629 points.

H1 Avg (Jan–Jun) 2794.4540

H2 Avg (Jul–Dec) 2762.0911

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 135.4820 PYG (High: 2904.2341 / Low: 2768.7521). On the other end, November was the most stable month, with a tight range of 38.1970 PYG (High: 2774.4583 / Low: 2736.2612).

May Spread (Volatile) ±135.4820

November Spread (Stable) ±38.1970

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 56.7072 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -56.7072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2833.1558) against the same month in 2022 (average: 2308.6339), the exchange rate shifted by +524.5220 (+22.72%).

2023 Avg (May) 2833.1558

2022 Avg (May) 2308.6339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2814.1593	2711.7145	2767.7088
February	2805.9049	2720.6493	2763.0963
March	2812.0535	2761.2003	2786.7868
April	2901.7526	2797.8440	2839.5278
May	2904.2341	2768.7521	2833.1558
June	2794.6882	2754.9713	2776.4486
July	2837.3153	2766.0176	2808.2444
August	2800.5012	2761.9713	2779.8083
September	2785.7721	2695.7592	2749.2588
October	2767.1581	2720.0714	2742.6444
November	2774.4583	2736.2612	2752.6378
December	2765.2212	2708.2642	2739.9527