2023 GEL to PHP Historical Review

YEARLY HIGH

22.4343 PHP

YEARLY LOW

20.3643 PHP

YEARLY AVERAGE

21.2045 PHP

2023 GEL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 22.4343. Conversely, the yearly low was recorded on January 10, dropping to 20.3643.

This high-to-low spread represents a total annual volatility of 2.0699 PHP. From a start-to-finish perspective, comparing the January average rate of 20.6100 to the December average rate of 20.6732, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.4343 was up 3.88% compared to the 2022 peak of 21.5971, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 112,171 PHP

2022 Average 93,975 PHP

Yearly Trough Low 101,822 PHP

Transaction Impact: A difference of 10,349.73 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.0725

20.4771

JanuMarcMayJulySeptNove

GEL to PHP 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 21.3027, compared to 21.1062 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1965 points.

H1 Avg (Jan–Jun) 21.3027

H2 Avg (Jul–Dec) 21.1062

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.1496 PHP (High: 22.4343 / Low: 21.2847). On the other end, October was the most stable month, with a tight range of 0.3135 PHP (High: 21.2879 / Low: 20.9743).

April Spread (Volatile) ±1.1496

October Spread (Stable) ±0.3135

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.5673 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5673

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 21.9179) against the same month in 2022 (average: 17.0072), the exchange rate shifted by +4.9108 (+28.87%).

2023 Avg (April) 21.9179

2022 Avg (April) 17.0072

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8454	20.3643	20.6100
February	21.0875	20.4139	20.7578
March	21.4748	20.8612	21.2188
April	22.4343	21.2847	21.9179
May	22.3145	21.5893	21.9396
June	21.5456	20.9340	21.3722
July	21.4610	21.0019	21.2301
August	21.7900	21.1160	21.5223
September	21.7502	21.0989	21.4616
October	21.2879	20.9743	21.1270
November	20.8762	20.4390	20.6231
December	20.8456	20.4993	20.6732

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு