2023 GEL to TWD Historical Review

YEARLY HIGH

12.3903 TWD

YEARLY LOW

11.2816 TWD

YEARLY AVERAGE

11.8724 TWD

2023 GEL to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 12.3903. Conversely, the yearly low was recorded on February 9, dropping to 11.2816.

This high-to-low spread represents a total annual volatility of 1.1087 TWD. From a start-to-finish perspective, comparing the January average rate of 11.4025 to the December average rate of 11.6226, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.3903 was up 5.16% compared to the 2022 peak of 11.7827, 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 61,952 TWD

2022 Average 51,347 TWD

Yearly Trough Low 56,408 TWD

Transaction Impact: A difference of 5,543.27 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.2384

11.3265

JanuMarcMayJulySeptNove

GEL to TWD 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 11.7842, compared to 11.9606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1764 points.

H1 Avg (Jan–Jun) 11.7842

H2 Avg (Jul–Dec) 11.9606

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.6203 TWD (High: 12.3903 / Low: 11.7700). On the other end, August was the most stable month, with a tight range of 0.1694 TWD (High: 12.2480 / Low: 12.0786).

May Spread (Volatile) ±0.6203

August Spread (Stable) ±0.1694

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 0.2790 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2790

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 12.0792) against the same month in 2022 (average: 9.9624), the exchange rate shifted by +2.1168 (+21.25%).

2023 Avg (May) 12.0792

2022 Avg (May) 9.9624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.5082	11.3039	11.4025
February	11.6581	11.2816	11.4564
March	11.9883	11.6257	11.8451
April	12.3534	11.9014	12.1217
May	12.3903	11.7700	12.0792
June	11.9510	11.7255	11.8001
July	12.2170	11.9337	12.0594
August	12.2480	12.0786	12.1624
September	12.2783	11.9416	12.1015
October	12.0848	11.9099	12.0121
November	12.0078	11.5900	11.8054
December	11.7978	11.4065	11.6226