2023 GEL to THB Historical Review

YEARLY HIGH

13.8744 THB

YEARLY LOW

12.2343 THB

YEARLY AVERAGE

13.2539 THB

2023 GEL to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 13.8744. Conversely, the yearly low was recorded on January 14, dropping to 12.2343.

This high-to-low spread represents a total annual volatility of 1.6401 THB. From a start-to-finish perspective, comparing the January average rate of 12.4581 to the December average rate of 12.9972, the exchange rate registered a net change of 4.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.8744 was down 0.35% compared to the 2022 peak of 13.9231, 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 69,372 THB

2022 Average 60,382 THB

Yearly Trough Low 61,172 THB

Transaction Impact: A difference of 8,200.67 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.6884

12.3462

JanuMarcMayJulySeptNove

GEL to THB 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 13.1743, compared to 13.3335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1592 points.

H1 Avg (Jan–Jun) 13.1743

H2 Avg (Jul–Dec) 13.3335

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.9511 THB (High: 13.3992 / Low: 12.4481). On the other end, July was the most stable month, with a tight range of 0.3721 THB (High: 13.5684 / Low: 13.1963).

February Spread (Volatile) ±0.9511

July Spread (Stable) ±0.3721

Growth Streaks & Declines

Trends

Between June and October, 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 October and November, when the average rate fell by 0.4627 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4627

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 13.5766) against the same month in 2022 (average: 13.6524), the exchange rate shifted by -0.0758 (-0.56%).

2023 Avg (October) 13.5766

2022 Avg (October) 13.6524

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8212	12.2343	12.4581
February	13.3992	12.4481	12.8937
March	13.5958	13.0963	13.3421
April	13.7420	13.2519	13.5562
May	13.7376	13.0948	13.4448
June	13.6814	13.2598	13.3513
July	13.5684	13.1963	13.3877
August	13.5749	13.1885	13.3949
September	13.7105	13.3079	13.5308
October	13.8744	13.2802	13.5766
November	13.3885	12.8417	13.1139
December	13.3711	12.7130	12.9972