2023 MVR to GEL Historical Review

YEARLY HIGH

0.1768 GEL

YEARLY LOW

0.1616 GEL

YEARLY AVERAGE

0.1707 GEL

2023 MVR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.1768. Conversely, the yearly low was recorded on May 3, dropping to 0.1616.

This high-to-low spread represents a total annual volatility of 0.0152 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1733 to the December average rate of 0.1747, the exchange rate registered a net change of 0.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1768 was down 20.73% compared to the 2022 peak of 0.2230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 884 GEL

2022 Average 945 GEL

Yearly Trough Low 808 GEL

Transaction Impact: A difference of 75.98 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1770

0.1630

JanuMarcMayJulySeptNove

MVR 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 0.1689, compared to 0.1725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.1689

H2 Avg (Jul–Dec) 0.1725

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0087 GEL (High: 0.1703 / Low: 0.1616). On the other end, August was the most stable month, with a tight range of 0.0018 GEL (High: 0.1711 / Low: 0.1693).

May Spread (Volatile) ±0.0087

August Spread (Stable) ±0.0018

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 0.0043 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1758) against the same month in 2022 (average: 0.1766), the exchange rate shifted by -0.0008 (-0.44%).

2023 Avg (November) 0.1758

2022 Avg (November) 0.1766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1753	0.1712	0.1733
February	0.1738	0.1712	0.1721
March	0.1713	0.1653	0.1678
April	0.1663	0.1621	0.1642
May	0.1703	0.1616	0.1657
June	0.1722	0.1696	0.1702
July	0.1705	0.1666	0.1682
August	0.1711	0.1693	0.1702
September	0.1750	0.1689	0.1717
October	0.1759	0.1736	0.1747
November	0.1768	0.1742	0.1758
December	0.1758	0.1736	0.1747