2023 TND to GEL Historical Review

YEARLY HIGH

0.8779 GEL

YEARLY LOW

0.8003 GEL

YEARLY AVERAGE

0.8455 GEL

2023 TND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.8779. Conversely, the yearly low was recorded on April 23, dropping to 0.8003.

This high-to-low spread represents a total annual volatility of 0.0775 GEL. From a start-to-finish perspective, comparing the January average rate of 0.8623 to the December average rate of 0.8667, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8779 was down 24.61% compared to the 2022 peak of 1.1644, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,389 GEL

2022 Average 4,745 GEL

Yearly Trough Low 4,002 GEL

Transaction Impact: A difference of 387.73 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8710

0.8193

JanuMarcMayJulySeptNove

TND 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 0.8393, compared to 0.8517 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.8393

H2 Avg (Jul–Dec) 0.8517

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0396 GEL (High: 0.8399 / Low: 0.8003). On the other end, August was the most stable month, with a tight range of 0.0122 GEL (High: 0.8521 / Low: 0.8399).

April Spread (Volatile) ±0.0396

August Spread (Stable) ±0.0122

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 0.0239 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0239

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8667) against the same month in 2022 (average: 0.8439), the exchange rate shifted by +0.0228 (+2.70%).

2023 Avg (December) 0.8667

2022 Avg (December) 0.8439

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8749	0.8511	0.8623
February	0.8684	0.8347	0.8504
March	0.8381	0.8144	0.8265
April	0.8399	0.8003	0.8236
May	0.8456	0.8151	0.8290
June	0.8516	0.8383	0.8441
July	0.8547	0.8384	0.8433
August	0.8521	0.8399	0.8463
September	0.8534	0.8324	0.8434
October	0.8535	0.8392	0.8471
November	0.8732	0.8526	0.8631
December	0.8779	0.8513	0.8667