2023 WST to GEL Historical Review

YEARLY HIGH

1.0009 GEL

YEARLY LOW

0.9099 GEL

YEARLY AVERAGE

0.9605 GEL

2023 WST to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.0009. Conversely, the yearly low was recorded on May 3, dropping to 0.9099.

This high-to-low spread represents a total annual volatility of 0.0910 GEL. From a start-to-finish perspective, comparing the January average rate of 0.9881 to the December average rate of 0.9592, the exchange rate registered a net change of -2.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0009 was down 23.91% compared to the 2022 peak of 1.3155, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,005 GEL

2022 Average 5,458 GEL

Yearly Trough Low 4,550 GEL

Transaction Impact: A difference of 454.93 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9944

0.9188

JanuMarcMayJulySeptNove

WST 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 0.9566, compared to 0.9644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.9566

H2 Avg (Jul–Dec) 0.9644

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0459 GEL (High: 0.9558 / Low: 0.9099). On the other end, June was the most stable month, with a tight range of 0.0110 GEL (High: 0.9668 / Low: 0.9558).

May Spread (Volatile) ±0.0459

June Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0308 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.9881) against the same month in 2022 (average: 1.1833), the exchange rate shifted by -0.1952 (-16.50%).

2023 Avg (January) 0.9881

2022 Avg (January) 1.1833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0009	0.9750	0.9881
February	0.9898	0.9745	0.9796
March	0.9750	0.9347	0.9559
April	0.9374	0.9136	0.9251
May	0.9558	0.9099	0.9328
June	0.9668	0.9558	0.9581
July	0.9576	0.9411	0.9492
August	0.9693	0.9564	0.9623
September	0.9895	0.9601	0.9735
October	0.9914	0.9624	0.9774
November	0.9696	0.9571	0.9649
December	0.9643	0.9518	0.9592