2023 MMK to GEL Historical Review

YEARLY HIGH

0.0013 GEL

YEARLY LOW

0.0012 GEL

YEARLY AVERAGE

0.0013 GEL

2023 MMK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.0013. Conversely, the yearly low was recorded on May 3, dropping to 0.0012.

This high-to-low spread represents a total annual volatility of 0.0001 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0013 to the December average rate of 0.0013, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0013 was down 33.07% compared to the 2022 peak of 0.0019, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6 GEL

2022 Average 8 GEL

Yearly Trough Low 6 GEL

Transaction Impact: A difference of 0.59 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0013

0.0012

JanuMarcMayJulySeptNove

MMK 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 0.0012, compared to 0.0013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0012

H2 Avg (Jul–Dec) 0.0013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0001 GEL (High: 0.0012 / Low: 0.0012). On the other end, October was the most stable month, with a tight range of 0.0000 GEL (High: 0.0013 / Low: 0.0013).

May Spread (Volatile) ±0.0001

October Spread (Stable) ±0.0000

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 March and April, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0013) against the same month in 2022 (average: 0.0013), the exchange rate shifted by -0.0000 (-0.69%).

2023 Avg (November) 0.0013

2022 Avg (November) 0.0013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0013	0.0013
February	0.0013	0.0012	0.0013
March	0.0013	0.0012	0.0012
April	0.0012	0.0012	0.0012
May	0.0012	0.0012	0.0012
June	0.0013	0.0012	0.0012
July	0.0013	0.0012	0.0012
August	0.0013	0.0012	0.0012
September	0.0013	0.0012	0.0013
October	0.0013	0.0013	0.0013
November	0.0013	0.0013	0.0013
December	0.0013	0.0013	0.0013