2023 PGK to GEL Historical Review

YEARLY HIGH

0.7665 GEL

YEARLY LOW

0.7041 GEL

YEARLY AVERAGE

0.7287 GEL

2023 PGK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.7665. Conversely, the yearly low was recorded on May 3, dropping to 0.7041.

This high-to-low spread represents a total annual volatility of 0.0625 GEL. From a start-to-finish perspective, comparing the January average rate of 0.7566 to the December average rate of 0.7179, the exchange rate registered a net change of -5.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7665 was down 21.51% compared to the 2022 peak of 0.9766, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,833 GEL

2022 Average 4,132 GEL

Yearly Trough Low 3,520 GEL

Transaction Impact: A difference of 312.44 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7608

0.7108

JanuMarcMayJulySeptNove

PGK 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 0.7346, compared to 0.7228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 0.7346

H2 Avg (Jul–Dec) 0.7228

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0326 GEL (High: 0.7415 / Low: 0.7089). On the other end, December was the most stable month, with a tight range of 0.0171 GEL (High: 0.7238 / Low: 0.7067).

July Spread (Volatile) ±0.0326

December Spread (Stable) ±0.0171

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.0174 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7566) against the same month in 2022 (average: 0.8736), the exchange rate shifted by -0.1170 (-13.40%).

2023 Avg (January) 0.7566

2022 Avg (January) 0.8736

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7665	0.7460	0.7566
February	0.7578	0.7378	0.7488
March	0.7472	0.7196	0.7324
April	0.7257	0.7075	0.7150
May	0.7344	0.7041	0.7197
June	0.7443	0.7234	0.7349
July	0.7415	0.7089	0.7242
August	0.7443	0.7141	0.7232
September	0.7381	0.7155	0.7262
October	0.7343	0.7154	0.7251
November	0.7311	0.7116	0.7201
December	0.7238	0.7067	0.7179