2023 QAR to GEL Historical Review

YEARLY HIGH

0.7500 GEL

YEARLY LOW

0.6809 GEL

YEARLY AVERAGE

0.7202 GEL

2023 QAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.7500. Conversely, the yearly low was recorded on May 3, dropping to 0.6809.

This high-to-low spread represents a total annual volatility of 0.0691 GEL. From a start-to-finish perspective, comparing the January average rate of 0.7315 to the December average rate of 0.7369, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7500 was down 20.73% compared to the 2022 peak of 0.9462, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,750 GEL

2022 Average 4,000 GEL

Yearly Trough Low 3,405 GEL

Transaction Impact: A difference of 345.32 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7474

0.6865

JanuMarcMayJulySeptNove

QAR 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 0.7117, compared to 0.7287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0170 points.

H1 Avg (Jan–Jun) 0.7117

H2 Avg (Jul–Dec) 0.7287

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0343 GEL (High: 0.7153 / Low: 0.6809). On the other end, October was the most stable month, with a tight range of 0.0086 GEL (High: 0.7417 / Low: 0.7331).

May Spread (Volatile) ±0.0343

October Spread (Stable) ±0.0086

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 0.0173 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7424) against the same month in 2022 (average: 0.7469), the exchange rate shifted by -0.0046 (-0.61%).

2023 Avg (November) 0.7424

2022 Avg (November) 0.7469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7416	0.7173	0.7315
February	0.7333	0.7138	0.7246
March	0.7219	0.6989	0.7073
April	0.7018	0.6855	0.6916
May	0.7153	0.6809	0.6982
June	0.7237	0.7130	0.7169
July	0.7168	0.7037	0.7104
August	0.7236	0.7119	0.7179
September	0.7391	0.7165	0.7267
October	0.7417	0.7331	0.7377
November	0.7500	0.7359	0.7424
December	0.7416	0.7301	0.7369