2023 GEL to TZS Historical Review

YEARLY HIGH

960.3129 TZS

YEARLY LOW

863.7037 TZS

YEARLY AVERAGE

922.9272 TZS

2023 GEL to TZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 960.3129. Conversely, the yearly low was recorded on January 5, dropping to 863.7037.

This high-to-low spread represents a total annual volatility of 96.6092 TZS. From a start-to-finish perspective, comparing the January average rate of 875.7512 to the December average rate of 935.4586, the exchange rate registered a net change of 6.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 960.3129 was up 8.67% compared to the 2022 peak of 883.7293, 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 4,801,565 TZS

2022 Average 4,002,671 TZS

Yearly Trough Low 4,318,519 TZS

Transaction Impact: A difference of 483,046.16 TZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

961.3313

867.9712

JanuMarcMayJulySeptNove

GEL to TZS 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 906.1818, compared to 939.6726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 33.4908 points.

H1 Avg (Jan–Jun) 906.1818

H2 Avg (Jul–Dec) 939.6726

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 41.7273 TZS (High: 949.5968 / Low: 907.8695). On the other end, December was the most stable month, with a tight range of 12.8433 TZS (High: 942.5891 / Low: 929.7458).

May Spread (Volatile) ±41.7273

December Spread (Stable) ±12.8433

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 September and October, when the average rate fell by 14.5941 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -14.5941

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 953.5513) against the same month in 2022 (average: 842.2304), the exchange rate shifted by +111.3209 (+13.22%).

2023 Avg (August) 953.5513

2022 Avg (August) 842.2304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	889.7015	863.7037	875.7512
February	896.3969	873.4082	883.9151
March	918.0981	886.6920	905.0088
April	943.9759	912.7202	930.0467
May	949.5968	907.8695	928.1849
June	926.8979	906.5010	914.1841
July	953.4008	918.5784	943.6224
August	960.3129	944.2308	953.5513
September	959.5419	931.5928	946.7840
October	940.1869	923.8447	932.1899
November	934.7015	917.9308	926.4291
December	942.5891	929.7458	935.4586