2017 GEL to BWP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 4.4473. Conversely, the yearly low was recorded on December 30, dropping to 3.7746.
This high-to-low spread represents a total annual volatility of 0.6727 BWP. From a start-to-finish perspective, comparing the January average rate of 3.9254 to the December average rate of 3.8714, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 4.4473 was down 15.19% compared to the 2016 peak of 5.2435, 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 BWP 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 4.1597, compared to 4.1291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0306 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.4850 BWP (High: 4.2863 / Low: 3.8014). On the other end, October was the most stable month, with a tight range of 0.0845 BWP (High: 4.2145 / Low: 4.1299).
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 November and December, when the average rate fell by 0.2084 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2017: 4.3599) against the same month in 2016 (average: 4.7873), the exchange rate shifted by -0.4274 (-8.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.0450 | 3.8638 | 3.9254 |
| February | 4.0638 | 3.8849 | 3.9691 |
| March | 4.3255 | 4.1281 | 4.1916 |
| April | 4.4473 | 4.1952 | 4.3599 |
| May | 4.3410 | 4.2219 | 4.2777 |
| June | 4.2886 | 4.1841 | 4.2345 |
| July | 4.3408 | 4.2027 | 4.2695 |
| August | 4.3067 | 4.1516 | 4.2589 |
| September | 4.1920 | 4.0650 | 4.1223 |
| October | 4.2145 | 4.1299 | 4.1728 |
| November | 4.2863 | 3.8014 | 4.0797 |
| December | 3.9575 | 3.7746 | 3.8714 |