2023 GEL to RUB Historical Review

YEARLY HIGH

38.3821 RUB

YEARLY LOW

24.8130 RUB

YEARLY AVERAGE

32.5550 RUB

2023 GEL to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 38.3821. Conversely, the yearly low was recorded on January 15, dropping to 24.8130.

This high-to-low spread represents a total annual volatility of 13.5691 RUB. From a start-to-finish perspective, comparing the January average rate of 26.2493 to the December average rate of 33.9069, the exchange rate registered a net change of 29.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.3821 was down 8.80% compared to the 2022 peak of 42.0846, 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 191,911 RUB

2022 Average 119,198 RUB

Yearly Trough Low 124,065 RUB

Transaction Impact: A difference of 67,845.46 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

37.6716

25.2109

JanuMarcMayJulySeptNove

GEL to RUB 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 29.8141, compared to 35.2960 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.4819 points.

H1 Avg (Jan–Jun) 29.8141

H2 Avg (Jul–Dec) 35.2960

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 3.3947 RUB (High: 37.7570 / Low: 34.3623). On the other end, December was the most stable month, with a tight range of 1.6894 RUB (High: 34.5797 / Low: 32.8903).

October Spread (Volatile) ±3.3947

December Spread (Stable) ±1.6894

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 October and November, when the average rate fell by 2.5886 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.5886

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 36.6332) against the same month in 2022 (average: 21.9501), the exchange rate shifted by +14.6831 (+66.89%).

2023 Avg (August) 36.6332

2022 Avg (August) 21.9501

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.2963	24.8130	26.2493
February	28.8489	26.5894	27.8229
March	30.4322	28.6179	29.6019
April	32.6872	30.4322	32.1300
May	32.3985	29.8960	31.1408
June	34.0330	30.9534	31.9396
July	35.7018	33.6973	35.0365
August	38.3821	35.5423	36.6332
September	37.7480	35.7217	36.5554
October	37.7570	34.3623	36.1164
November	34.3561	32.6289	33.5278
December	34.5797	32.8903	33.9069