2023 HKD to GEL Historical Review

YEARLY HIGH

0.3479 GEL

YEARLY LOW

0.3160 GEL

YEARLY AVERAGE

0.3351 GEL

2023 HKD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.3479. Conversely, the yearly low was recorded on May 3, dropping to 0.3160.

This high-to-low spread represents a total annual volatility of 0.0320 GEL. From a start-to-finish perspective, comparing the January average rate of 0.3408 to the December average rate of 0.3439, the exchange rate registered a net change of 0.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3479 was down 21.04% compared to the 2022 peak of 0.4406, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 8,698 GEL

2022 Average 9,306 GEL

Yearly Trough Low 7,899 GEL

Transaction Impact: A difference of 799.04 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3486

0.3187

JanuMarcMayJulySeptNove

HKD 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 0.3309, compared to 0.3394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.3309

H2 Avg (Jul–Dec) 0.3394

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0167 GEL (High: 0.3326 / Low: 0.3160). On the other end, August was the most stable month, with a tight range of 0.0031 GEL (High: 0.3360 / Low: 0.3329).

May Spread (Volatile) ±0.0167

August Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0081 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.3461) against the same month in 2022 (average: 0.3474), the exchange rate shifted by -0.0014 (-0.39%).

2023 Avg (November) 0.3461

2022 Avg (November) 0.3474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3460	0.3355	0.3408
February	0.3401	0.3350	0.3368
March	0.3351	0.3245	0.3286
April	0.3255	0.3172	0.3212
May	0.3326	0.3160	0.3244
June	0.3365	0.3323	0.3334
July	0.3331	0.3281	0.3308
August	0.3360	0.3329	0.3343
September	0.3440	0.3330	0.3380
October	0.3459	0.3415	0.3434
November	0.3479	0.3433	0.3461
December	0.3454	0.3412	0.3439