2017 BGN to GEL Historical Review

YEARLY HIGH

1.6499 GEL

YEARLY LOW

1.2911 GEL

YEARLY AVERAGE

1.4437 GEL

2017 BGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the BGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 1.6499. Conversely, the yearly low was recorded on April 17, dropping to 1.2911.

This high-to-low spread represents a total annual volatility of 0.3588 GEL. From a start-to-finish perspective, comparing the January average rate of 1.4660 to the December average rate of 1.5891, the exchange rate registered a net change of 8.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.6499 was up 10.55% compared to the 2016 peak of 1.4925, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,250 GEL

2016 Average 6,683 GEL

Yearly Trough Low 6,456 GEL

Transaction Impact: A difference of 1,794.23 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.6159

1.2945

JanuMarcMayJulySeptNove

BGN 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 1.3874, compared to 1.5000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1126 points.

H1 Avg (Jan–Jun) 1.3874

H2 Avg (Jul–Dec) 1.5000

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.1589 GEL (High: 1.6491 / Low: 1.4901). On the other end, October was the most stable month, with a tight range of 0.0340 GEL (High: 1.5153 / Low: 1.4813).

November Spread (Volatile) ±0.1589

October Spread (Stable) ±0.0340

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0853 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0853

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 1.5891) against the same month in 2016 (average: 1.4293), the exchange rate shifted by +0.1598 (+11.18%).

2017 Avg (December) 1.5891

2016 Avg (December) 1.4293

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4884	1.4103	1.4660
February	1.4858	1.3815	1.4334
March	1.3686	1.3216	1.3480
April	1.3777	1.2911	1.3213
May	1.3884	1.3514	1.3713
June	1.4077	1.3696	1.3844
July	1.4503	1.3909	1.4140
August	1.4783	1.4323	1.4491
September	1.5179	1.4773	1.5023
October	1.5153	1.4813	1.4948
November	1.6491	1.4901	1.5505
December	1.6499	1.5333	1.5891