2018 BTN to GEL Historical Review

YEARLY HIGH

0.0408 GEL

YEARLY LOW

0.0329 GEL

YEARLY AVERAGE

0.0364 GEL

2018 BTN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the BTN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0408. Conversely, the yearly low was recorded on October 9, dropping to 0.0329.

This high-to-low spread represents a total annual volatility of 0.0079 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0402 to the December average rate of 0.0377, the exchange rate registered a net change of -6.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0408 was down 3.50% compared to the 2017 peak of 0.0423, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 204 GEL

2017 Average 192 GEL

Yearly Trough Low 165 GEL

Transaction Impact: A difference of 39.43 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0409

0.0326

JanuMarcMayJulySeptNove

BTN 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 0.0376, compared to 0.0352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0376

H2 Avg (Jul–Dec) 0.0352

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0049 GEL (High: 0.0382 / Low: 0.0333). On the other end, July was the most stable month, with a tight range of 0.0004 GEL (High: 0.0358 / Low: 0.0354).

November Spread (Volatile) ±0.0049

July Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2018: 0.0402) against the same month in 2017 (average: 0.0396), the exchange rate shifted by +0.0006 (+1.47%).

2018 Avg (January) 0.0402

2017 Avg (January) 0.0396

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0408	0.0388	0.0402
February	0.0389	0.0379	0.0382
March	0.0378	0.0374	0.0376
April	0.0375	0.0368	0.0371
May	0.0369	0.0358	0.0364
June	0.0367	0.0357	0.0362
July	0.0358	0.0354	0.0356
August	0.0359	0.0349	0.0355
September	0.0349	0.0337	0.0341
October	0.0336	0.0329	0.0333
November	0.0382	0.0333	0.0352
December	0.0384	0.0368	0.0377