2023 MXN to GEL Historical Review

YEARLY HIGH

0.1589 GEL

YEARLY LOW

0.1360 GEL

YEARLY AVERAGE

0.1481 GEL

2023 MXN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.1589. Conversely, the yearly low was recorded on March 15, dropping to 0.1360.

This high-to-low spread represents a total annual volatility of 0.0229 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1406 to the December average rate of 0.1565, the exchange rate registered a net change of 11.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1589 was down 1.68% compared to the 2022 peak of 0.1616, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 7,947 GEL

2022 Average 7,246 GEL

Yearly Trough Low 6,801 GEL

Transaction Impact: A difference of 1,146.06 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1582

0.1379

JanuMarcMayJulySeptNove

MXN 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 0.1429, compared to 0.1534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.1429

H2 Avg (Jul–Dec) 0.1534

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0096 GEL (High: 0.1476 / Low: 0.1380). On the other end, April was the most stable month, with a tight range of 0.0032 GEL (High: 0.1414 / Low: 0.1382).

May Spread (Volatile) ±0.0096

April Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between April and August, 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 September and October, when the average rate fell by 0.0044 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1565) against the same month in 2022 (average: 0.1366), the exchange rate shifted by +0.0199 (+14.54%).

2023 Avg (December) 0.1565

2022 Avg (December) 0.1366

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1434	0.1383	0.1406
February	0.1441	0.1377	0.1421
March	0.1452	0.1360	0.1402
April	0.1414	0.1382	0.1395
May	0.1476	0.1380	0.1434
June	0.1542	0.1484	0.1514
July	0.1552	0.1506	0.1529
August	0.1573	0.1503	0.1540
September	0.1565	0.1484	0.1530
October	0.1542	0.1463	0.1486
November	0.1583	0.1517	0.1555
December	0.1589	0.1531	0.1565