2023 GEL to XAF Historical Review

YEARLY HIGH

241.0118 XAF

YEARLY LOW

219.5177 XAF

YEARLY AVERAGE

231.1211 XAF

2023 GEL to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 241.0118. Conversely, the yearly low was recorded on December 27, dropping to 219.5177.

This high-to-low spread represents a total annual volatility of 21.4942 XAF. From a start-to-finish perspective, comparing the January average rate of 228.1472 to the December average rate of 223.6262, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 241.0118 was down 2.21% compared to the 2022 peak of 246.4539, 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 1,205,059 XAF

2022 Average 1,075,162 XAF

Yearly Trough Low 1,097,588 XAF

Transaction Impact: A difference of 107,470.77 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

238.7260

222.2535

JanuMarcMayJulySeptNove

GEL to XAF 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 233.8470, compared to 228.3952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.4518 points.

H1 Avg (Jan–Jun) 233.8470

H2 Avg (Jul–Dec) 228.3952

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 9.4084 XAF (High: 235.8853 / Low: 226.4769). On the other end, August was the most stable month, with a tight range of 3.3405 XAF (High: 231.3254 / Low: 227.9849).

February Spread (Volatile) ±9.4084

August Spread (Stable) ±3.3405

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 6.6093 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -6.6093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 237.3533) against the same month in 2022 (average: 184.7791), the exchange rate shifted by +52.5742 (+28.45%).

2023 Avg (March) 237.3533

2022 Avg (March) 184.7791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	231.6653	225.3804	228.1472
February	235.8853	226.4769	231.9528
March	241.0118	233.7855	237.3533
April	239.4866	233.4745	236.7754
May	240.6210	232.8584	237.1914
June	234.9519	227.1859	231.6617
July	232.4159	226.5663	229.3748
August	231.3254	227.9849	229.8288
September	234.9214	228.6705	232.1319
October	234.2209	228.1002	231.0094
November	228.2242	220.7763	224.4001
December	228.6410	219.5177	223.6262