2023 ISK to GEL Historical Review

YEARLY HIGH

0.0202 GEL

YEARLY LOW

0.0180 GEL

YEARLY AVERAGE

0.0190 GEL

2023 ISK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.0202. Conversely, the yearly low was recorded on May 18, dropping to 0.0180.

This high-to-low spread represents a total annual volatility of 0.0022 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0187 to the December average rate of 0.0195, the exchange rate registered a net change of 4.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0202 was down 21.64% compared to the 2022 peak of 0.0258, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 101 GEL

2022 Average 108 GEL

Yearly Trough Low 90 GEL

Transaction Impact: A difference of 10.99 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0200

0.0182

JanuMarcMayJulySeptNove

ISK 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 0.0186, compared to 0.0195 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0186

H2 Avg (Jul–Dec) 0.0195

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0010 GEL (High: 0.0197 / Low: 0.0187). On the other end, April was the most stable month, with a tight range of 0.0004 GEL (High: 0.0187 / Low: 0.0183).

November Spread (Volatile) ±0.0010

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0198) against the same month in 2022 (average: 0.0200), the exchange rate shifted by -0.0001 (-0.71%).

2023 Avg (August) 0.0198

2022 Avg (August) 0.0200

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0191	0.0184	0.0187
February	0.0190	0.0182	0.0185
March	0.0188	0.0182	0.0184
April	0.0187	0.0183	0.0185
May	0.0188	0.0180	0.0184
June	0.0194	0.0185	0.0189
July	0.0197	0.0190	0.0195
August	0.0202	0.0197	0.0198
September	0.0199	0.0192	0.0196
October	0.0195	0.0191	0.0194
November	0.0197	0.0187	0.0193
December	0.0198	0.0191	0.0195