2023 GEL to SGD Historical Review

YEARLY HIGH

0.5369 SGD

YEARLY LOW

0.4906 SGD

YEARLY AVERAGE

0.5120 SGD

2023 GEL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.5369. Conversely, the yearly low was recorded on December 27, dropping to 0.4906.

This high-to-low spread represents a total annual volatility of 0.0463 SGD. From a start-to-finish perspective, comparing the January average rate of 0.4970 to the December average rate of 0.4957, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5369 was up 3.07% compared to the 2022 peak of 0.5209, 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 2,684 SGD

2022 Average 2,373 SGD

Yearly Trough Low 2,453 SGD

Transaction Impact: A difference of 231.35 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5316

0.4925

JanuMarcMayJulySeptNove

GEL to SGD 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 0.5154, compared to 0.5087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.5154

H2 Avg (Jul–Dec) 0.5087

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0197 SGD (High: 0.5369 / Low: 0.5172). On the other end, August was the most stable month, with a tight range of 0.0076 SGD (High: 0.5202 / Low: 0.5127).

May Spread (Volatile) ±0.0197

August Spread (Stable) ±0.0076

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 0.0116 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.5271) against the same month in 2022 (average: 0.4657), the exchange rate shifted by +0.0615 (+13.20%).

2023 Avg (May) 0.5271

2022 Avg (May) 0.4657

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5011	0.4921	0.4970
February	0.5127	0.4963	0.5045
March	0.5245	0.5102	0.5199
April	0.5362	0.5199	0.5283
May	0.5369	0.5172	0.5271
June	0.5207	0.5122	0.5156
July	0.5214	0.5109	0.5162
August	0.5202	0.5127	0.5164
September	0.5232	0.5077	0.5152
October	0.5135	0.5045	0.5094
November	0.5052	0.4927	0.4990
December	0.5033	0.4906	0.4957