2018 GEL to BGN Historical Review

YEARLY HIGH

0.7120 BGN

YEARLY LOW

0.6201 BGN

YEARLY AVERAGE

0.6671 BGN

2018 GEL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 0.7120. Conversely, the yearly low was recorded on January 24, dropping to 0.6201.

This high-to-low spread represents a total annual volatility of 0.0919 BGN. From a start-to-finish perspective, comparing the January average rate of 0.6269 to the December average rate of 0.6458, the exchange rate registered a net change of 3.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.7120 was down 8.08% compared to the 2017 peak of 0.7745, 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 3,560 BGN

2017 Average 3,474 BGN

Yearly Trough Low 3,100 BGN

Transaction Impact: A difference of 459.31 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.7024

0.6200

JanuMarcMayJulySeptNove

GEL to BGN 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 0.6548, compared to 0.6794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0246 points.

H1 Avg (Jan–Jun) 0.6548

H2 Avg (Jul–Dec) 0.6794

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0680 BGN (High: 0.7120 / Low: 0.6439). On the other end, July was the most stable month, with a tight range of 0.0076 BGN (High: 0.6875 / Low: 0.6798).

November Spread (Volatile) ±0.0680

July Spread (Stable) ±0.0076

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 November and December, when the average rate fell by 0.0354 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0354

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 0.6812) against the same month in 2017 (average: 0.6460), the exchange rate shifted by +0.0352 (+5.45%).

2018 Avg (November) 0.6812

2017 Avg (November) 0.6460

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6379	0.6201	0.6269
February	0.6540	0.6307	0.6439
March	0.6539	0.6414	0.6483
April	0.6606	0.6470	0.6536
May	0.6838	0.6640	0.6740
June	0.6891	0.6729	0.6824
July	0.6875	0.6798	0.6836
August	0.7042	0.6734	0.6870
September	0.6917	0.6761	0.6834
October	0.7064	0.6874	0.6956
November	0.7120	0.6439	0.6812
December	0.6522	0.6375	0.6458