2023 GEL to TND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to TND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 1.2495. Conversely, the yearly low was recorded on December 30, dropping to 1.1391.
This high-to-low spread represents a total annual volatility of 0.1104 TND. From a start-to-finish perspective, comparing the January average rate of 1.1597 to the December average rate of 1.1539, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.2495 was up 3.07% compared to the 2022 peak of 1.2123, 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 TND 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 1.1919, compared to 1.1744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0175 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 0.0589 TND (High: 1.2495 / Low: 1.1906). On the other end, August was the most stable month, with a tight range of 0.0170 TND (High: 1.1906 / Low: 1.1736).
Growth Streaks & Declines
TrendsBetween 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 0.0219 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 1.2145) against the same month in 2022 (average: 0.9806), the exchange rate shifted by +0.2339 (+23.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.1749 | 1.1430 | 1.1597 |
| February | 1.1981 | 1.1515 | 1.1761 |
| March | 1.2279 | 1.1932 | 1.2100 |
| April | 1.2495 | 1.1906 | 1.2145 |
| May | 1.2268 | 1.1825 | 1.2064 |
| June | 1.1929 | 1.1742 | 1.1847 |
| July | 1.1927 | 1.1699 | 1.1858 |
| August | 1.1906 | 1.1736 | 1.1816 |
| September | 1.2013 | 1.1717 | 1.1858 |
| October | 1.1916 | 1.1716 | 1.1805 |
| November | 1.1729 | 1.1452 | 1.1587 |
| December | 1.1747 | 1.1391 | 1.1539 |