2023 PEN to GEL Historical Review

YEARLY HIGH

0.7290 GEL

YEARLY LOW

0.6635 GEL

YEARLY AVERAGE

0.7017 GEL

2023 PEN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.7290. Conversely, the yearly low was recorded on April 18, dropping to 0.6635.

This high-to-low spread represents a total annual volatility of 0.0655 GEL. From a start-to-finish perspective, comparing the January average rate of 0.6973 to the December average rate of 0.7189, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7290 was down 21.16% compared to the 2022 peak of 0.9246, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,645 GEL

2022 Average 3,806 GEL

Yearly Trough Low 3,318 GEL

Transaction Impact: A difference of 327.43 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7237

0.6663

JanuMarcMayJulySeptNove

PEN 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 0.6911, compared to 0.7123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0212 points.

H1 Avg (Jan–Jun) 0.6911

H2 Avg (Jul–Dec) 0.7123

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0412 GEL (High: 0.7094 / Low: 0.6682). On the other end, July was the most stable month, with a tight range of 0.0120 GEL (High: 0.7232 / Low: 0.7112).

May Spread (Volatile) ±0.0412

July Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.0118 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7189) against the same month in 2022 (average: 0.6994), the exchange rate shifted by +0.0195 (+2.79%).

2023 Avg (December) 0.7189

2022 Avg (December) 0.6994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7124	0.6779	0.6973
February	0.6940	0.6779	0.6886
March	0.6931	0.6770	0.6829
April	0.6835	0.6635	0.6711
May	0.7094	0.6682	0.6902
June	0.7268	0.7056	0.7163
July	0.7232	0.7112	0.7187
August	0.7210	0.7016	0.7087
September	0.7217	0.7046	0.7107
October	0.7075	0.6947	0.7001
November	0.7268	0.7002	0.7166
December	0.7290	0.7069	0.7189