2018 BND to GEL Historical Review

YEARLY HIGH

1.9515 GEL

YEARLY LOW

1.5763 GEL

YEARLY AVERAGE

1.7712 GEL

2018 BND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 1.9515. Conversely, the yearly low was recorded on November 14, dropping to 1.5763.

This high-to-low spread represents a total annual volatility of 0.3752 GEL. From a start-to-finish perspective, comparing the January average rate of 1.9352 to the December average rate of 1.6972, the exchange rate registered a net change of -12.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.9515 was down 3.38% compared to the 2017 peak of 2.0197, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,757 GEL

2017 Average 9,054 GEL

Yearly Trough Low 7,882 GEL

Transaction Impact: A difference of 1,875.95 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.9648

1.6095

JanuMarcMayJulySeptNove

BND 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 1.8402, compared to 1.7023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1380 points.

H1 Avg (Jan–Jun) 1.8402

H2 Avg (Jul–Dec) 1.7023

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.3530 GEL (High: 1.9293 / Low: 1.5763). On the other end, March was the most stable month, with a tight range of 0.0140 GEL (High: 1.8672 / Low: 1.8531).

November Spread (Volatile) ±0.3530

March Spread (Stable) ±0.0140

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 May and June, when the average rate fell by 0.1019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 1.9352) against the same month in 2017 (average: 1.8872), the exchange rate shifted by +0.0479 (+2.54%).

2018 Avg (January) 1.9352

2017 Avg (January) 1.8872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9515	1.8856	1.9352
February	1.8913	1.8362	1.8634
March	1.8672	1.8531	1.8601
April	1.8646	1.8316	1.8517
May	1.8488	1.6847	1.8165
June	1.8535	1.6248	1.7146
July	1.8235	1.6190	1.7291
August	1.8173	1.6195	1.6391
September	1.7955	1.6194	1.6635
October	1.7768	1.7281	1.7383
November	1.9293	1.5763	1.7463
December	1.9313	1.6804	1.6972