YEARLY HIGH
2.0629 BRL
YEARLY LOW
1.7900 BRL
YEARLY AVERAGE
1.9045 BRL

2023 GEL to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GEL to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 2.0629. Conversely, the yearly low was recorded on December 26, dropping to 1.7900.

This high-to-low spread represents a total annual volatility of 0.2729 BRL. From a start-to-finish perspective, comparing the January average rate of 1.9464 to the December average rate of 1.8234, the exchange rate registered a net change of -6.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0629 was up 3.01% compared to the 2022 peak of 2.0026, 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 10,314 BRL
2022 Average 8,891 BRL
Yearly Trough Low 8,950 BRL
Transaction Impact: A difference of 1,364.44 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0410
1.7933
JanuMarcMayJulySeptNove

GEL to BRL 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 1.9553, compared to 1.8536 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1017 points.

H1 Avg (Jan–Jun) 1.9553
H2 Avg (Jul–Dec) 1.8536

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1424 BRL (High: 2.0408 / Low: 1.8984). On the other end, November was the most stable month, with a tight range of 0.0271 BRL (High: 1.8279 / Low: 1.8009).

January Spread (Volatile) ±0.1424
November Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0996 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0996

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.0204) against the same month in 2022 (average: 1.5412), the exchange rate shifted by +0.4792 (+31.09%).

2023 Avg (March) 2.0204
2022 Avg (March) 1.5412

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.0408 1.8984 1.9464
February 1.9914 1.9206 1.9600
March 2.0629 1.9695 2.0204
April 2.0224 1.9483 1.9892
May 2.0281 1.8988 1.9579
June 1.9250 1.8098 1.8583
July 1.8960 1.8217 1.8555
August 1.9081 1.8437 1.8761
September 1.9071 1.8334 1.8690
October 1.9319 1.8504 1.8838
November 1.8279 1.8009 1.8139
December 1.8598 1.7900 1.8234