2023 GEL to STD Historical Review

YEARLY HIGH

9203.2220 STD

YEARLY LOW

8206.9245 STD

YEARLY AVERAGE

8616.1411 STD

2023 GEL to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 9203.2220. Conversely, the yearly low was recorded on November 4, dropping to 8206.9245.

This high-to-low spread represents a total annual volatility of 996.2975 STD. From a start-to-finish perspective, comparing the January average rate of 8563.6693 to the December average rate of 8296.7285, the exchange rate registered a net change of -3.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 9203.2220 was up 6.85% compared to the 2022 peak of 8612.8266, 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 46,016,110 STD

2022 Average 38,198,369 STD

Yearly Trough Low 41,034,622 STD

Transaction Impact: A difference of 4,981,487.42 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9133.7948

8166.7943

JanuMarcMayJulySeptNove

GEL to STD 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 8803.8217, compared to 8428.4605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 375.3612 points.

H1 Avg (Jan–Jun) 8803.8217

H2 Avg (Jul–Dec) 8428.4605

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 441.6133 STD (High: 9203.2220 / Low: 8761.6086). On the other end, October was the most stable month, with a tight range of 92.3805 STD (High: 8329.6449 / Low: 8237.2643).

May Spread (Volatile) ±441.6133

October Spread (Stable) ±92.3805

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 July and August, when the average rate fell by 281.0707 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -281.0707

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 8979.6515) against the same month in 2022 (average: 7509.0791), the exchange rate shifted by +1470.5724 (+19.58%).

2023 Avg (May) 8979.6515

2022 Avg (May) 7509.0791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8678.3234	8453.3298	8563.6693
February	8682.4500	8548.3111	8637.0213
March	8959.3682	8678.3234	8848.9308
April	9166.2612	8933.0687	9053.2114
May	9203.2220	8761.6086	8979.6515
June	8761.6086	8661.8560	8740.4459
July	8898.2419	8603.0116	8798.3326
August	8569.9231	8456.0911	8517.2619
September	8537.0881	8283.1970	8420.2779
October	8329.6449	8237.2643	8290.7842
November	8314.1045	8206.9245	8247.3777
December	8360.9006	8252.5185	8296.7285