2017 GEL to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 733.4581. Conversely, the yearly low was recorded on January 9, dropping to 606.5239.
This high-to-low spread represents a total annual volatility of 126.9341 BIF. From a start-to-finish perspective, comparing the January average rate of 622.9013 to the December average rate of 670.5856, the exchange rate registered a net change of 7.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 733.4581 was down 3.83% compared to the 2016 peak of 762.6883, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
GEL to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 679.1573, compared to 701.4912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.3339 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 65.8555 BIF (High: 709.7245 / Low: 643.8690). On the other end, June was the most stable month, with a tight range of 10.1693 BIF (High: 718.1905 / Low: 708.0212).
Growth Streaks & Declines
TrendsBetween January and April, 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 October and November, when the average rate fell by 23.9912 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 725.0567) against the same month in 2016 (average: 717.3026), the exchange rate shifted by +7.7541 (+1.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 637.7383 | 606.5239 | 622.9013 |
| February | 662.6182 | 624.4745 | 642.9750 |
| March | 705.8014 | 674.2599 | 687.8852 |
| April | 714.4619 | 685.4866 | 703.4881 |
| May | 715.2552 | 694.8142 | 702.4432 |
| June | 718.1905 | 708.0212 | 715.2510 |
| July | 724.4011 | 704.4883 | 719.5352 |
| August | 733.4581 | 714.9013 | 725.0567 |
| September | 718.3434 | 701.2793 | 708.0282 |
| October | 709.8005 | 688.6299 | 704.8663 |
| November | 709.7245 | 643.8690 | 680.8751 |
| December | 694.2833 | 647.5215 | 670.5856 |