2023 MOP to GEL Historical Review

YEARLY HIGH

0.3387 GEL

YEARLY LOW

0.3064 GEL

YEARLY AVERAGE

0.3255 GEL

2023 MOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.3387. Conversely, the yearly low was recorded on May 6, dropping to 0.3064.

This high-to-low spread represents a total annual volatility of 0.0323 GEL. From a start-to-finish perspective, comparing the January average rate of 0.3309 to the December average rate of 0.3335, the exchange rate registered a net change of 0.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3387 was down 20.95% compared to the 2022 peak of 0.4284, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,693 GEL

2022 Average 1,807 GEL

Yearly Trough Low 1,532 GEL

Transaction Impact: A difference of 161.40 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3388

0.3097

JanuMarcMayJulySeptNove

MOP 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 0.3214, compared to 0.3296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.3214

H2 Avg (Jul–Dec) 0.3296

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0165 GEL (High: 0.3229 / Low: 0.3064). On the other end, August was the most stable month, with a tight range of 0.0039 GEL (High: 0.3263 / Low: 0.3224).

May Spread (Volatile) ±0.0165

August Spread (Stable) ±0.0039

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 February and March, when the average rate fell by 0.0074 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.3364) against the same month in 2022 (average: 0.3377), the exchange rate shifted by -0.0013 (-0.40%).

2023 Avg (November) 0.3364

2022 Avg (November) 0.3377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3363	0.3258	0.3309
February	0.3305	0.3223	0.3269
March	0.3253	0.3153	0.3195
April	0.3163	0.3092	0.3121
May	0.3229	0.3064	0.3150
June	0.3275	0.3221	0.3237
July	0.3254	0.3185	0.3216
August	0.3263	0.3224	0.3246
September	0.3351	0.3233	0.3282
October	0.3360	0.3314	0.3336
November	0.3387	0.3333	0.3364
December	0.3352	0.3306	0.3335