2023 NIO to GEL Historical Review

YEARLY HIGH

0.0744 GEL

YEARLY LOW

0.0678 GEL

YEARLY AVERAGE

0.0718 GEL

2023 NIO to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 0.0744. Conversely, the yearly low was recorded on May 3, dropping to 0.0678.

This high-to-low spread represents a total annual volatility of 0.0065 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0731 to the December average rate of 0.0732, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0744 was down 22.76% compared to the 2022 peak of 0.0963, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 372 GEL

2022 Average 406 GEL

Yearly Trough Low 339 GEL

Transaction Impact: A difference of 32.58 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0743

0.0686

JanuMarcMayJulySeptNove

NIO 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 0.0710, compared to 0.0725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0710

H2 Avg (Jul–Dec) 0.0725

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0034 GEL (High: 0.0712 / Low: 0.0678). On the other end, October was the most stable month, with a tight range of 0.0009 GEL (High: 0.0739 / Low: 0.0731).

May Spread (Volatile) ±0.0034

October Spread (Stable) ±0.0009

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 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0738) against the same month in 2022 (average: 0.0756), the exchange rate shifted by -0.0018 (-2.35%).

2023 Avg (November) 0.0738

2022 Avg (November) 0.0756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0742	0.0719	0.0731
February	0.0733	0.0715	0.0724
March	0.0722	0.0697	0.0707
April	0.0700	0.0684	0.0690
May	0.0712	0.0678	0.0696
June	0.0721	0.0712	0.0714
July	0.0718	0.0701	0.0708
August	0.0721	0.0709	0.0715
September	0.0738	0.0713	0.0724
October	0.0739	0.0731	0.0735
November	0.0744	0.0733	0.0738
December	0.0737	0.0725	0.0732