2023 THB to GEL Historical Review

YEARLY HIGH

0.0817 GEL

YEARLY LOW

0.0721 GEL

YEARLY AVERAGE

0.0755 GEL

2023 THB to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.0817. Conversely, the yearly low was recorded on October 3, dropping to 0.0721.

This high-to-low spread represents a total annual volatility of 0.0097 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0803 to the December average rate of 0.0770, the exchange rate registered a net change of -4.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0817 was down 21.19% compared to the 2022 peak of 0.1037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 20,434 GEL

2022 Average 20,881 GEL

Yearly Trough Low 18,019 GEL

Transaction Impact: A difference of 2,415.60 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0809

0.0730

JanuMarcMayJulySeptNove

THB 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 0.0760, compared to 0.0750 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0760

H2 Avg (Jul–Dec) 0.0750

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0057 GEL (High: 0.0803 / Low: 0.0746). On the other end, July was the most stable month, with a tight range of 0.0021 GEL (High: 0.0758 / Low: 0.0737).

February Spread (Volatile) ±0.0057

July Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0027 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0803) against the same month in 2022 (average: 0.0926), the exchange rate shifted by -0.0124 (-13.34%).

2023 Avg (January) 0.0803

2022 Avg (January) 0.0926

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0817	0.0780	0.0803
February	0.0803	0.0746	0.0776
March	0.0764	0.0736	0.0750
April	0.0755	0.0728	0.0738
May	0.0764	0.0728	0.0744
June	0.0754	0.0731	0.0749
July	0.0758	0.0737	0.0747
August	0.0758	0.0737	0.0747
September	0.0751	0.0729	0.0739
October	0.0753	0.0721	0.0737
November	0.0779	0.0747	0.0763
December	0.0787	0.0748	0.0770