2023 SEK to GEL Historical Review

YEARLY HIGH

0.2706 GEL

YEARLY LOW

0.2343 GEL

YEARLY AVERAGE

0.2474 GEL

2023 SEK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.2706. Conversely, the yearly low was recorded on September 7, dropping to 0.2343.

This high-to-low spread represents a total annual volatility of 0.0363 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2565 to the December average rate of 0.2623, the exchange rate registered a net change of 2.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2706 was down 22.53% compared to the 2022 peak of 0.3493, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,353 GEL

2022 Average 1,449 GEL

Yearly Trough Low 1,171 GEL

Transaction Impact: A difference of 181.55 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2646

0.2362

JanuMarcMayJulySeptNove

SEK 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 0.2473, compared to 0.2475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.2473

H2 Avg (Jul–Dec) 0.2475

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0185 GEL (High: 0.2617 / Low: 0.2433). On the other end, June was the most stable month, with a tight range of 0.0062 GEL (High: 0.2457 / Low: 0.2396).

November Spread (Volatile) ±0.0185

June Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2623) against the same month in 2022 (average: 0.2574), the exchange rate shifted by +0.0049 (+1.89%).

2023 Avg (December) 0.2623

2022 Avg (December) 0.2574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2594	0.2519	0.2565
February	0.2581	0.2487	0.2527
March	0.2520	0.2405	0.2455
April	0.2477	0.2397	0.2437
May	0.2492	0.2384	0.2426
June	0.2457	0.2396	0.2427
July	0.2528	0.2373	0.2458
August	0.2461	0.2377	0.2415
September	0.2459	0.2343	0.2386
October	0.2474	0.2400	0.2438
November	0.2617	0.2433	0.2531
December	0.2706	0.2545	0.2623