2023 SRD to GEL Historical Review

YEARLY HIGH

0.0856 GEL

YEARLY LOW

0.0660 GEL

YEARLY AVERAGE

0.0720 GEL

2023 SRD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0856. Conversely, the yearly low was recorded on May 10, dropping to 0.0660.

This high-to-low spread represents a total annual volatility of 0.0196 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0838 to the December average rate of 0.0719, the exchange rate registered a net change of -14.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0856 was down 49.05% compared to the 2022 peak of 0.1679, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 428 GEL

2022 Average 621 GEL

Yearly Trough Low 330 GEL

Transaction Impact: A difference of 97.76 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0854

0.0665

JanuMarcMayJulySeptNove

SRD 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 0.0741, compared to 0.0698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.0741

H2 Avg (Jul–Dec) 0.0698

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0068 GEL (High: 0.0774 / Low: 0.0706). On the other end, November was the most stable month, with a tight range of 0.0014 GEL (High: 0.0717 / Low: 0.0703).

March Spread (Volatile) ±0.0068

November Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0060 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0838) against the same month in 2022 (average: 0.1455), the exchange rate shifted by -0.0617 (-42.41%).

2023 Avg (January) 0.0838

2022 Avg (January) 0.1455

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0856	0.0816	0.0838
February	0.0828	0.0776	0.0806
March	0.0774	0.0706	0.0746
April	0.0713	0.0668	0.0686
May	0.0699	0.0660	0.0681
June	0.0700	0.0681	0.0693
July	0.0704	0.0667	0.0681
August	0.0690	0.0674	0.0684
September	0.0703	0.0680	0.0691
October	0.0712	0.0697	0.0704
November	0.0717	0.0703	0.0711
December	0.0732	0.0709	0.0719