2023 SAR to GEL Historical Review

YEARLY HIGH

0.7237 GEL

YEARLY LOW

0.6613 GEL

YEARLY AVERAGE

0.6994 GEL

2023 SAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 0.7237. Conversely, the yearly low was recorded on May 3, dropping to 0.6613.

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 0.7096 to the December average rate of 0.7160, the exchange rate registered a net change of 0.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7237 was down 21.18% compared to the 2022 peak of 0.9182, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,619 GEL

2022 Average 3,882 GEL

Yearly Trough Low 3,306 GEL

Transaction Impact: A difference of 312.27 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7253

0.6673

JanuMarcMayJulySeptNove

SAR 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 0.6912, compared to 0.7076 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.6912

H2 Avg (Jul–Dec) 0.7076

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0333 GEL (High: 0.6945 / Low: 0.6613). On the other end, October was the most stable month, with a tight range of 0.0080 GEL (High: 0.7211 / Low: 0.7131).

May Spread (Volatile) ±0.0333

October Spread (Stable) ±0.0080

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 0.0175 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7204) against the same month in 2022 (average: 0.7238), the exchange rate shifted by -0.0034 (-0.47%).

2023 Avg (November) 0.7204

2022 Avg (November) 0.7238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7184	0.7005	0.7096
February	0.7115	0.7005	0.7044
March	0.7009	0.6789	0.6870
April	0.6811	0.6638	0.6721
May	0.6945	0.6613	0.6779
June	0.7027	0.6945	0.6963
July	0.6959	0.6837	0.6895
August	0.7024	0.6930	0.6974
September	0.7180	0.6958	0.7056
October	0.7211	0.7131	0.7165
November	0.7237	0.7145	0.7204
December	0.7198	0.7105	0.7160