2023 NPR to GEL Historical Review

YEARLY HIGH

0.0207 GEL

YEARLY LOW

0.0189 GEL

YEARLY AVERAGE

0.0199 GEL

2023 NPR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.0207. Conversely, the yearly low was recorded on May 6, dropping to 0.0189.

This high-to-low spread represents a total annual volatility of 0.0017 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0204 to the December average rate of 0.0201, the exchange rate registered a net change of -1.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0207 was down 26.40% compared to the 2022 peak of 0.0281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 103 GEL

2022 Average 116 GEL

Yearly Trough Low 95 GEL

Transaction Impact: A difference of 8.68 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0205

0.0191

JanuMarcMayJulySeptNove

NPR 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 0.0197, compared to 0.0200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0197

H2 Avg (Jul–Dec) 0.0200

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0008 GEL (High: 0.0197 / Low: 0.0189). On the other end, October was the most stable month, with a tight range of 0.0002 GEL (High: 0.0203 / Low: 0.0201).

May Spread (Volatile) ±0.0008

October Spread (Stable) ±0.0002

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 0.0004 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0204) against the same month in 2022 (average: 0.0259), the exchange rate shifted by -0.0055 (-21.25%).

2023 Avg (January) 0.0204

2022 Avg (January) 0.0259

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0207	0.0200	0.0204
February	0.0202	0.0198	0.0200
March	0.0199	0.0194	0.0196
April	0.0195	0.0190	0.0192
May	0.0197	0.0189	0.0193
June	0.0201	0.0197	0.0199
July	0.0200	0.0194	0.0197
August	0.0200	0.0196	0.0197
September	0.0204	0.0196	0.0199
October	0.0203	0.0201	0.0202
November	0.0205	0.0201	0.0203
December	0.0202	0.0199	0.0201