2023 GEL to RSD Historical Review

YEARLY HIGH

43.1057 RSD

YEARLY LOW

39.2112 RSD

YEARLY AVERAGE

41.3331 RSD

2023 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 43.1057. Conversely, the yearly low was recorded on December 27, dropping to 39.2112.

This high-to-low spread represents a total annual volatility of 3.8946 RSD. From a start-to-finish perspective, comparing the January average rate of 40.8247 to the December average rate of 39.9678, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.1057 was down 2.20% compared to the 2022 peak of 44.0756, 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 215,529 RSD

2022 Average 192,490 RSD

Yearly Trough Low 196,056 RSD

Transaction Impact: A difference of 19,472.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.7042

39.7190

JanuMarcMayJulySeptNove

GEL to RSD 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 41.8376, compared to 40.8285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0091 points.

H1 Avg (Jan–Jun) 41.8376

H2 Avg (Jul–Dec) 40.8285

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.6858 RSD (High: 42.2205 / Low: 40.5346). On the other end, August was the most stable month, with a tight range of 0.5973 RSD (High: 41.3569 / Low: 40.7596).

February Spread (Volatile) ±1.6858

August Spread (Stable) ±0.5973

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 1.1870 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1870

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 42.4448) against the same month in 2022 (average: 33.1474), the exchange rate shifted by +9.2974 (+28.05%).

2023 Avg (March) 42.4448

2022 Avg (March) 33.1474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.4376	40.3331	40.8247
February	42.2205	40.5346	41.4912
March	43.1057	41.7759	42.4448
April	42.8718	42.0470	42.4032
May	43.0138	41.7282	42.4554
June	41.9521	40.5996	41.4063
July	41.5417	40.5031	40.9930
August	41.3569	40.7596	41.0908
September	42.0040	40.8634	41.5117
October	41.8809	40.7451	41.2975
November	40.7956	39.4763	40.1105
December	40.8542	39.2112	39.9678