2017 GEL to AFN Historical Review

YEARLY HIGH

28.8179 AFN

YEARLY LOW

24.1615 AFN

YEARLY AVERAGE

27.2252 AFN

2017 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 28.8179. Conversely, the yearly low was recorded on January 5, dropping to 24.1615.

This high-to-low spread represents a total annual volatility of 4.6564 AFN. From a start-to-finish perspective, comparing the January average rate of 24.7450 to the December average rate of 26.4001, the exchange rate registered a net change of 6.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 28.8179 was down 11.46% compared to the 2016 peak of 32.5469, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 144,089 AFN

2016 Average 143,850 AFN

Yearly Trough Low 120,808 AFN

Transaction Impact: A difference of 23,281.82 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

28.9285

24.3646

JanuMarcMayJulySeptNove

GEL to AFN 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 26.9003, compared to 27.5502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6499 points.

H1 Avg (Jan–Jun) 26.9003

H2 Avg (Jul–Dec) 27.5502

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 2.4381 AFN (High: 27.6869 / Low: 25.2488). On the other end, June was the most stable month, with a tight range of 0.3383 AFN (High: 28.3704 / Low: 28.0322).

November Spread (Volatile) ±2.4381

June Spread (Stable) ±0.3383

Growth Streaks & Declines

Trends

Between January and August, 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 October and November, when the average rate fell by 0.8278 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.8278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 28.5482) against the same month in 2016 (average: 29.0395), the exchange rate shifted by -0.4913 (-1.69%).

2017 Avg (August) 28.5482

2016 Avg (August) 29.0395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.2304	24.1615	24.7450
February	26.1385	24.7708	25.3710
March	27.4335	26.6025	27.0480
April	28.3849	27.3393	27.9506
May	28.3723	27.6084	28.0422
June	28.3704	28.0322	28.2451
July	28.6888	28.2197	28.4677
August	28.8179	28.0468	28.5482
September	28.1210	27.5404	27.8077
October	27.7324	26.9209	27.4526
November	27.6869	25.2488	26.6248
December	27.4711	25.3919	26.4001