2019 BGN to GEL Historical Review

YEARLY HIGH

1.6924 GEL

YEARLY LOW

1.5199 GEL

YEARLY AVERAGE

1.6111 GEL

2019 BGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 1.6924. Conversely, the yearly low was recorded on February 13, dropping to 1.5199.

This high-to-low spread represents a total annual volatility of 0.1725 GEL. From a start-to-finish perspective, comparing the January average rate of 1.5545 to the December average rate of 1.6427, the exchange rate registered a net change of 5.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.6924 was up 4.94% compared to the 2018 peak of 1.6127, 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 8,462 GEL

2018 Average 7,503 GEL

Yearly Trough Low 7,599 GEL

Transaction Impact: A difference of 862.33 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.6907

1.5255

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 1.5604, compared to 1.6618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1013 points.

H1 Avg (Jan–Jun) 1.5604

H2 Avg (Jul–Dec) 1.6618

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0920 GEL (High: 1.6625 / Low: 1.5706). On the other end, April was the most stable month, with a tight range of 0.0205 GEL (High: 1.5592 / Low: 1.5387).

June Spread (Volatile) ±0.0920

April Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0342 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 1.6770) against the same month in 2018 (average: 1.4704), the exchange rate shifted by +0.2066 (+14.05%).

2019 Avg (November) 1.6770

2018 Avg (November) 1.4704

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5772	1.5378	1.5545
February	1.5650	1.5199	1.5393
March	1.5682	1.5364	1.5492
April	1.5592	1.5387	1.5467
May	1.5977	1.5470	1.5737
June	1.6625	1.5706	1.5992
July	1.6874	1.6052	1.6432
August	1.6802	1.6510	1.6657
September	1.6800	1.6488	1.6667
October	1.6921	1.6555	1.6753
November	1.6924	1.6632	1.6770
December	1.6837	1.6175	1.6427