2019 GEL to AFN Historical Review

YEARLY HIGH

29.2996 AFN

YEARLY LOW

26.1384 AFN

YEARLY AVERAGE

27.6930 AFN

2019 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 29.2996. Conversely, the yearly low was recorded on October 1, dropping to 26.1384.

This high-to-low spread represents a total annual volatility of 3.1613 AFN. From a start-to-finish perspective, comparing the January average rate of 28.3476 to the December average rate of 27.1694, the exchange rate registered a net change of -4.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 29.2996 was down 5.88% compared to the 2018 peak of 31.1302, 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 146,498 AFN

2018 Average 145,724 AFN

Yearly Trough Low 130,692 AFN

Transaction Impact: A difference of 15,806.38 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

29.2061

26.1397

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 28.5062, compared to 26.8798 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6264 points.

H1 Avg (Jan–Jun) 28.5062

H2 Avg (Jul–Dec) 26.8798

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 1.9662 AFN (High: 28.9188 / Low: 26.9526). On the other end, September was the most stable month, with a tight range of 0.2666 AFN (High: 26.5658 / Low: 26.2992).

July Spread (Volatile) ±1.9662

September Spread (Stable) ±0.2666

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 1.2160 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 28.9506) against the same month in 2018 (average: 29.2409), the exchange rate shifted by -0.2903 (-0.99%).

2019 Avg (June) 28.9506

2018 Avg (June) 29.2409

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.5627	28.2064	28.3476
February	28.6163	27.7808	28.2400
March	28.3869	27.8471	28.1136
April	28.9335	28.2307	28.6733
May	29.1266	28.2709	28.7124
June	29.2996	28.3387	28.9506
July	28.9188	26.9526	28.0379
August	27.3212	26.4036	26.8219
September	26.5658	26.2992	26.4428
October	26.5874	26.1384	26.4116
November	26.5111	26.1815	26.3953
December	27.5832	26.5124	27.1694