2023 HTG to GEL Historical Review

YEARLY HIGH

0.0205 GEL

YEARLY LOW

0.0161 GEL

YEARLY AVERAGE

0.0186 GEL

2023 HTG to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.0205. Conversely, the yearly low was recorded on April 20, dropping to 0.0161.

This high-to-low spread represents a total annual volatility of 0.0045 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0180 to the December average rate of 0.0203, the exchange rate registered a net change of 13.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0205 was down 36.92% compared to the 2022 peak of 0.0325, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 103 GEL

2022 Average 126 GEL

Yearly Trough Low 80 GEL

Transaction Impact: A difference of 22.38 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0208

0.0158

JanuMarcMayJulySeptNove

HTG 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 0.0175, compared to 0.0197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0175

H2 Avg (Jul–Dec) 0.0197

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0026 GEL (High: 0.0186 / Low: 0.0161). On the other end, December was the most stable month, with a tight range of 0.0003 GEL (High: 0.0204 / Low: 0.0201).

May Spread (Volatile) ±0.0026

December Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0008 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0204) against the same month in 2022 (average: 0.0201), the exchange rate shifted by +0.0002 (+1.23%).

2023 Avg (November) 0.0204

2022 Avg (November) 0.0201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0183	0.0176	0.0180
February	0.0177	0.0174	0.0176
March	0.0174	0.0164	0.0168
April	0.0165	0.0161	0.0163
May	0.0186	0.0161	0.0175
June	0.0191	0.0185	0.0187
July	0.0190	0.0185	0.0188
August	0.0195	0.0190	0.0192
September	0.0200	0.0192	0.0196
October	0.0204	0.0197	0.0201
November	0.0205	0.0202	0.0204
December	0.0204	0.0201	0.0203