2023 GEL to VND Historical Review

YEARLY HIGH

9462.0661 VND

YEARLY LOW

8692.1017 VND

YEARLY AVERAGE

9086.2468 VND

2023 GEL to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 9462.0661. Conversely, the yearly low was recorded on January 8, dropping to 8692.1017.

This high-to-low spread represents a total annual volatility of 769.9644 VND. From a start-to-finish perspective, comparing the January average rate of 8805.7293 to the December average rate of 9042.2559, the exchange rate registered a net change of 2.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9462.0661 was up 2.27% compared to the 2022 peak of 9252.0067, 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 47,310,330 VND

2022 Average 40,325,611 VND

Yearly Trough Low 43,460,508 VND

Transaction Impact: A difference of 3,849,821.98 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9359.7546

8755.3634

JanuMarcMayJulySeptNove

GEL to VND 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 9075.1782, compared to 9097.3154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.1373 points.

H1 Avg (Jan–Jun) 9075.1782

H2 Avg (Jul–Dec) 9097.3154

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 443.4544 VND (High: 9462.0661 / Low: 9018.6117). On the other end, October was the most stable month, with a tight range of 84.9525 VND (High: 9136.9925 / Low: 9052.0400).

May Spread (Volatile) ±443.4544

October Spread (Stable) ±84.9525

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 227.7778 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -227.7778

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 9232.0213) against the same month in 2022 (average: 7782.2538), the exchange rate shifted by +1449.7675 (+18.63%).

2023 Avg (May) 9232.0213

2022 Avg (May) 7782.2538

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8924.4958	8692.1017	8805.7293
February	9056.2885	8828.0939	8948.7481
March	9218.8420	9020.8382	9150.9382
April	9424.0658	9176.7750	9309.3887
May	9462.0661	9018.6117	9232.0213
June	9048.3716	8929.6806	9004.2434
July	9223.1736	9033.5249	9148.5399
August	9199.3389	9080.1610	9123.9575
September	9243.3067	9042.7490	9153.6382
October	9136.9925	9052.0400	9109.6670
November	9096.4000	8924.2200	9005.8342
December	9112.0708	8983.0316	9042.2559