2023 GHS to GEL Historical Review

YEARLY HIGH

0.3235 GEL

YEARLY LOW

0.2039 GEL

YEARLY AVERAGE

0.2249 GEL

2023 GHS to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3235. Conversely, the yearly low was recorded on March 2, dropping to 0.2039.

This high-to-low spread represents a total annual volatility of 0.1196 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2353 to the December average rate of 0.2234, the exchange rate registered a net change of -5.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3235 was down 35.73% compared to the 2022 peak of 0.5033, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GHS based on timing:

Yearly Peak High 1,617 GEL

2022 Average 1,741 GEL

Yearly Trough Low 1,019 GEL

Transaction Impact: A difference of 597.87 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2379

0.2066

JanuMarcMayJulySeptNove

GHS to GEL 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 0.2219, compared to 0.2279 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.2219

H2 Avg (Jul–Dec) 0.2279

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1131 GEL (High: 0.3235 / Low: 0.2104). On the other end, December was the most stable month, with a tight range of 0.0037 GEL (High: 0.2249 / Low: 0.2212).

January Spread (Volatile) ±0.1131

December Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between March and June, 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 January and February, when the average rate fell by 0.0235 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2353) against the same month in 2022 (average: 0.4952), the exchange rate shifted by -0.2600 (-52.50%).

2023 Avg (January) 0.2353

2022 Avg (January) 0.4952

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3235	0.2104	0.2353
February	0.2196	0.2042	0.2118
March	0.2187	0.2039	0.2092
April	0.2375	0.2084	0.2207
May	0.2377	0.2093	0.2241
June	0.2343	0.2273	0.2306
July	0.2304	0.2207	0.2267
August	0.2342	0.2294	0.2320
September	0.2342	0.2281	0.2304
October	0.2312	0.2268	0.2285
November	0.2282	0.2244	0.2262
December	0.2249	0.2212	0.2234