2023 NOK to GEL Historical Review

YEARLY HIGH

0.2758 GEL

YEARLY LOW

0.2300 GEL

YEARLY AVERAGE

0.2487 GEL

2023 NOK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.2758. Conversely, the yearly low was recorded on May 2, dropping to 0.2300.

This high-to-low spread represents a total annual volatility of 0.0459 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2686 to the December average rate of 0.2556, the exchange rate registered a net change of -4.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2758 was down 28.06% compared to the 2022 peak of 0.3834, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,379 GEL

2022 Average 1,526 GEL

Yearly Trough Low 1,150 GEL

Transaction Impact: A difference of 229.34 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2719

0.2318

JanuMarcMayJulySeptNove

NOK 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 0.2481, compared to 0.2493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.2481

H2 Avg (Jul–Dec) 0.2493

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0227 GEL (High: 0.2663 / Low: 0.2436). On the other end, September was the most stable month, with a tight range of 0.0081 GEL (High: 0.2515 / Low: 0.2434).

December Spread (Volatile) ±0.0227

September Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0131 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0131

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2686) against the same month in 2022 (average: 0.3478), the exchange rate shifted by -0.0792 (-22.78%).

2023 Avg (January) 0.2686

2022 Avg (January) 0.3478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2758	0.2632	0.2686
February	0.2660	0.2524	0.2579
March	0.2533	0.2400	0.2448
April	0.2481	0.2333	0.2400
May	0.2430	0.2300	0.2352
June	0.2481	0.2356	0.2420
July	0.2589	0.2411	0.2516
August	0.2569	0.2450	0.2498
September	0.2515	0.2434	0.2467
October	0.2504	0.2405	0.2443
November	0.2548	0.2406	0.2478
December	0.2663	0.2436	0.2556