2023 GEL to XPF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GEL to XPF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GEL to XPF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 43.8449. Conversely, the yearly low was recorded on December 27, dropping to 39.9347.
This high-to-low spread represents a total annual volatility of 3.9102 XPF. From a start-to-finish perspective, comparing the January average rate of 41.5046 to the December average rate of 40.6821, 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 43.8449 was down 2.21% compared to the 2022 peak of 44.8349, 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 XPF 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 42.5415, compared to 41.5497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9918 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 1.7116 XPF (High: 42.9123 / Low: 41.2007). On the other end, August was the most stable month, with a tight range of 0.6077 XPF (High: 42.0827 / Low: 41.4750).
Growth Streaks & Declines
TrendsBetween 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 1.2024 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 43.1793) against the same month in 2022 (average: 33.6150), the exchange rate shifted by +9.5643 (+28.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.1446 | 41.0012 | 41.5046 |
| February | 42.9123 | 41.2007 | 42.1969 |
| March | 43.8449 | 42.5303 | 43.1793 |
| April | 43.5674 | 42.4737 | 43.0742 |
| May | 43.7738 | 42.3616 | 43.1499 |
| June | 42.7425 | 41.3297 | 42.1439 |
| July | 42.2811 | 41.2170 | 41.7279 |
| August | 42.0827 | 41.4750 | 41.8105 |
| September | 42.7369 | 41.5998 | 42.2295 |
| October | 42.6095 | 41.4960 | 42.0252 |
| November | 41.5186 | 40.1636 | 40.8229 |
| December | 41.5944 | 39.9347 | 40.6821 |