2018 GEL to AFN Historical Review

YEARLY HIGH

31.1302 AFN

YEARLY LOW

26.1198 AFN

YEARLY AVERAGE

29.1418 AFN

2018 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 31.1302. Conversely, the yearly low was recorded on November 18, dropping to 26.1198.

This high-to-low spread represents a total annual volatility of 5.0104 AFN. From a start-to-finish perspective, comparing the January average rate of 27.2886 to the December average rate of 28.3915, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 31.1302 was up 8.02% compared to the 2017 peak of 28.8179, 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 155,651 AFN

2017 Average 136,179 AFN

Yearly Trough Low 130,599 AFN

Transaction Impact: A difference of 25,051.78 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

31.3035

26.9236

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 28.4643, compared to 29.8193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3551 points.

H1 Avg (Jan–Jun) 28.4643

H2 Avg (Jul–Dec) 29.8193

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 5.0104 AFN (High: 31.1302 / Low: 26.1198). On the other end, March was the most stable month, with a tight range of 0.3388 AFN (High: 28.5218 / Low: 28.1830).

November Spread (Volatile) ±5.0104

March Spread (Stable) ±0.3388

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.4169 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.4169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 29.8084) against the same month in 2017 (average: 26.6248), the exchange rate shifted by +3.1836 (+11.96%).

2018 Avg (November) 29.8084

2017 Avg (November) 26.6248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.1932	26.8320	27.2886
February	28.5043	27.9659	28.1988
March	28.5218	28.1830	28.3876
April	28.8861	28.4787	28.7045
May	29.3290	28.6528	28.9653
June	29.9212	28.9482	29.2409
July	30.1032	29.2032	29.7737
August	29.7740	29.2857	29.4726
September	31.0793	29.6349	30.5313
October	31.0770	30.6907	30.9385
November	31.1302	26.1198	29.8084
December	28.6477	28.0265	28.3915