2023 NGN to GEL Historical Review

YEARLY HIGH

0.0060 GEL

YEARLY LOW

0.0030 GEL

YEARLY AVERAGE

0.0044 GEL

2023 NGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0060. Conversely, the yearly low was recorded on December 31, dropping to 0.0030.

This high-to-low spread represents a total annual volatility of 0.0030 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0059 to the December average rate of 0.0033, the exchange rate registered a net change of -43.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0060 was down 27.17% compared to the 2022 peak of 0.0083, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 6,038 GEL

2022 Average 6,893 GEL

Yearly Trough Low 2,991 GEL

Transaction Impact: A difference of 3,046.84 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0061

0.0031

JanuMarcMayJulySeptNove

NGN 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 0.0055, compared to 0.0034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0055

H2 Avg (Jul–Dec) 0.0034

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0025 GEL (High: 0.0057 / Low: 0.0032). On the other end, February was the most stable month, with a tight range of 0.0001 GEL (High: 0.0058 / Low: 0.0057).

June Spread (Volatile) ±0.0025

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0059) against the same month in 2022 (average: 0.0074), the exchange rate shifted by -0.0016 (-21.18%).

2023 Avg (January) 0.0059

2022 Avg (January) 0.0074

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0060	0.0057	0.0059
February	0.0058	0.0057	0.0057
March	0.0057	0.0055	0.0056
April	0.0056	0.0054	0.0055
May	0.0057	0.0054	0.0055
June	0.0057	0.0032	0.0046
July	0.0034	0.0032	0.0033
August	0.0035	0.0033	0.0034
September	0.0035	0.0033	0.0034
October	0.0035	0.0030	0.0034
November	0.0035	0.0033	0.0034
December	0.0035	0.0030	0.0033