2023 MUR to GEL Historical Review

YEARLY HIGH

0.0618 GEL

YEARLY LOW

0.0547 GEL

YEARLY AVERAGE

0.0582 GEL

2023 MUR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0618. Conversely, the yearly low was recorded on May 3, dropping to 0.0547.

This high-to-low spread represents a total annual volatility of 0.0071 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0604 to the December average rate of 0.0608, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0618 was down 21.54% compared to the 2022 peak of 0.0787, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 309 GEL

2022 Average 330 GEL

Yearly Trough Low 273 GEL

Transaction Impact: A difference of 35.50 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0617

0.0550

JanuMarcMayJulySeptNove

MUR 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 0.0571, compared to 0.0593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0571

H2 Avg (Jul–Dec) 0.0593

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0040 GEL (High: 0.0604 / Low: 0.0564). On the other end, April was the most stable month, with a tight range of 0.0011 GEL (High: 0.0564 / Low: 0.0554).

September Spread (Volatile) ±0.0040

April Spread (Stable) ±0.0011

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 January and February, when the average rate fell by 0.0026 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0604) against the same month in 2022 (average: 0.0705), the exchange rate shifted by -0.0101 (-14.31%).

2023 Avg (January) 0.0604

2022 Avg (January) 0.0705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0618	0.0582	0.0604
February	0.0595	0.0565	0.0578
March	0.0567	0.0547	0.0555
April	0.0564	0.0554	0.0559
May	0.0570	0.0547	0.0560
June	0.0580	0.0566	0.0572
July	0.0574	0.0558	0.0568
August	0.0582	0.0569	0.0575
September	0.0604	0.0564	0.0588
October	0.0611	0.0600	0.0606
November	0.0614	0.0600	0.0611
December	0.0613	0.0600	0.0608