2019 AZN to GEL Historical Review

YEARLY HIGH

1.7562 GEL

YEARLY LOW

1.5477 GEL

YEARLY AVERAGE

1.6539 GEL

2019 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 1.7562. Conversely, the yearly low was recorded on February 18, dropping to 1.5477.

This high-to-low spread represents a total annual volatility of 0.2085 GEL. From a start-to-finish perspective, comparing the January average rate of 1.5642 to the December average rate of 1.6985, the exchange rate registered a net change of 8.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.7562 was up 11.57% compared to the 2018 peak of 1.5742, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,781 GEL

2018 Average 7,311 GEL

Yearly Trough Low 7,739 GEL

Transaction Impact: A difference of 1,042.58 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.7614

1.5395

JanuMarcMayJulySeptNove

AZN 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 1.5872, compared to 1.7207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1334 points.

H1 Avg (Jan–Jun) 1.5872

H2 Avg (Jul–Dec) 1.7207

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.1028 GEL (High: 1.7445 / Low: 1.6417). On the other end, April was the most stable month, with a tight range of 0.0117 GEL (High: 1.5888 / Low: 1.5771).

July Spread (Volatile) ±0.1028

April Spread (Stable) ±0.0117

Growth Streaks & Declines

Trends

Between February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0444 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 1.7429) against the same month in 2018 (average: 1.4865), the exchange rate shifted by +0.2564 (+17.25%).

2019 Avg (November) 1.7429

2018 Avg (November) 1.4865

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5742	1.5595	1.5642
February	1.5800	1.5477	1.5580
March	1.5830	1.5624	1.5752
April	1.5888	1.5771	1.5829
May	1.6476	1.5888	1.6158
June	1.6799	1.5977	1.6273
July	1.7445	1.6417	1.6835
August	1.7327	1.7063	1.7200
September	1.7504	1.7269	1.7387
October	1.7533	1.7298	1.7404
November	1.7562	1.7343	1.7429
December	1.7445	1.6769	1.6985