2023 ILS to GEL Historical Review

YEARLY HIGH

0.7863 GEL

YEARLY LOW

0.6608 GEL

YEARLY AVERAGE

0.7129 GEL

2023 ILS to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.7863. Conversely, the yearly low was recorded on October 26, dropping to 0.6608.

This high-to-low spread represents a total annual volatility of 0.1254 GEL. From a start-to-finish perspective, comparing the January average rate of 0.7740 to the December average rate of 0.7331, the exchange rate registered a net change of -5.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7863 was down 24.64% compared to the 2022 peak of 1.0433, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,931 GEL

2022 Average 4,352 GEL

Yearly Trough Low 3,304 GEL

Transaction Impact: A difference of 627.24 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7839

0.6659

JanuMarcMayJulySeptNove

ILS 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 0.7229, compared to 0.7029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0200 points.

H1 Avg (Jan–Jun) 0.7229

H2 Avg (Jul–Dec) 0.7029

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0584 GEL (High: 0.7757 / Low: 0.7173). On the other end, July was the most stable month, with a tight range of 0.0164 GEL (High: 0.7146 / Low: 0.6982).

February Spread (Volatile) ±0.0584

July Spread (Stable) ±0.0164

Growth Streaks & Declines

Trends

Between October and December, 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 February and March, when the average rate fell by 0.0325 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7740) against the same month in 2022 (average: 0.9816), the exchange rate shifted by -0.2076 (-21.15%).

2023 Avg (January) 0.7740

2022 Avg (January) 0.9816

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7863	0.7597	0.7740
February	0.7757	0.7173	0.7460
March	0.7272	0.7022	0.7135
April	0.7128	0.6835	0.6937
May	0.7064	0.6813	0.6927
June	0.7332	0.6956	0.7174
July	0.7146	0.6982	0.7055
August	0.7150	0.6874	0.6987
September	0.7065	0.6791	0.6934
October	0.7047	0.6608	0.6757
November	0.7330	0.6764	0.7108
December	0.7470	0.7187	0.7331