2023 GEL to SRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to SRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 15.1500. Conversely, the yearly low was recorded on January 8, dropping to 11.6880.
This high-to-low spread represents a total annual volatility of 3.4620 SRD. From a start-to-finish perspective, comparing the January average rate of 11.9381 to the December average rate of 13.9128, the exchange rate registered a net change of 16.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.1500 was up 25.91% compared to the 2022 peak of 12.0322, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GEL to SRD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 13.5807, compared to 14.3270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7463 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.2519 SRD (High: 14.1698 / Low: 12.9179). On the other end, November was the most stable month, with a tight range of 0.2677 SRD (High: 14.2160 / Low: 13.9483).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2785 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 14.6918) against the same month in 2022 (average: 7.0631), the exchange rate shifted by +7.6286 (+108.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.2623 | 11.6880 | 11.9381 |
| February | 12.8876 | 12.0760 | 12.4155 |
| March | 14.1698 | 12.9179 | 13.4126 |
| April | 14.9799 | 14.0210 | 14.5886 |
| May | 15.1500 | 14.3019 | 14.6918 |
| June | 14.6841 | 14.2818 | 14.4373 |
| July | 14.9938 | 14.2035 | 14.6913 |
| August | 14.8315 | 14.4915 | 14.6299 |
| September | 14.7111 | 14.2348 | 14.4734 |
| October | 14.3381 | 14.0481 | 14.1949 |
| November | 14.2160 | 13.9483 | 14.0595 |
| December | 14.1114 | 13.6600 | 13.9128 |