2023 MDL to GEL Historical Review

YEARLY HIGH

0.1555 GEL

YEARLY LOW

0.1377 GEL

YEARLY AVERAGE

0.1450 GEL

2023 MDL to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1555. Conversely, the yearly low was recorded on March 11, dropping to 0.1377.

This high-to-low spread represents a total annual volatility of 0.0178 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1404 to the December average rate of 0.1526, the exchange rate registered a net change of 8.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1555 was down 17.14% compared to the 2022 peak of 0.1877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 778 GEL

2022 Average 774 GEL

Yearly Trough Low 689 GEL

Transaction Impact: A difference of 88.88 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1539

0.1372

JanuMarcMayJulySeptNove

MDL 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 0.1414, compared to 0.1487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 0.1414

H2 Avg (Jul–Dec) 0.1487

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0082 GEL (High: 0.1467 / Low: 0.1385). On the other end, January was the most stable month, with a tight range of 0.0016 GEL (High: 0.1411 / Low: 0.1395).

May Spread (Volatile) ±0.0082

January Spread (Stable) ±0.0016

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 February and March, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1526) against the same month in 2022 (average: 0.1384), the exchange rate shifted by +0.0141 (+10.19%).

2023 Avg (December) 0.1526

2022 Avg (December) 0.1384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1411	0.1395	0.1404
February	0.1421	0.1393	0.1408
March	0.1397	0.1377	0.1386
April	0.1409	0.1388	0.1398
May	0.1467	0.1385	0.1431
June	0.1471	0.1426	0.1459
July	0.1491	0.1418	0.1446
August	0.1497	0.1465	0.1480
September	0.1494	0.1458	0.1472
October	0.1494	0.1470	0.1482
November	0.1531	0.1490	0.1514
December	0.1555	0.1489	0.1526