2023 ZAR to GEL Historical Review

YEARLY HIGH

0.1600 GEL

YEARLY LOW

0.1304 GEL

YEARLY AVERAGE

0.1424 GEL

2023 ZAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.1600. Conversely, the yearly low was recorded on May 25, dropping to 0.1304.

This high-to-low spread represents a total annual volatility of 0.0296 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1561 to the December average rate of 0.1444, the exchange rate registered a net change of -7.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1600 was down 28.98% compared to the 2022 peak of 0.2254, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 8,002 GEL

2022 Average 8,966 GEL

Yearly Trough Low 6,521 GEL

Transaction Impact: A difference of 1,481.45 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1584

0.1308

JanuMarcMayJulySeptNove

ZAR 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 0.1427, compared to 0.1421 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.1427

H2 Avg (Jul–Dec) 0.1421

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0122 GEL (High: 0.1478 / Low: 0.1356). On the other end, May was the most stable month, with a tight range of 0.0057 GEL (High: 0.1361 / Low: 0.1304).

July Spread (Volatile) ±0.0122

May Spread (Stable) ±0.0057

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 0.0086 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1561) against the same month in 2022 (average: 0.1986), the exchange rate shifted by -0.0425 (-21.40%).

2023 Avg (January) 0.1561

2022 Avg (January) 0.1986

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1600	0.1511	0.1561
February	0.1543	0.1428	0.1475
March	0.1451	0.1371	0.1412
April	0.1432	0.1361	0.1388
May	0.1361	0.1304	0.1331
June	0.1433	0.1327	0.1394
July	0.1478	0.1356	0.1421
August	0.1423	0.1363	0.1393
September	0.1435	0.1363	0.1395
October	0.1450	0.1371	0.1412
November	0.1491	0.1432	0.1458
December	0.1473	0.1399	0.1444