2017 GEL to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 6, valuing the pair at 1291.4744. Conversely, the yearly low was recorded on January 9, dropping to 1060.0178.
This high-to-low spread represents a total annual volatility of 231.4567 COP. From a start-to-finish perspective, comparing the January average rate of 1089.5405 to the December average rate of 1139.6001, the exchange rate registered a net change of 4.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 1291.4744 was down 10.91% compared to the 2016 peak of 1449.5906, 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 COP 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 1167.1262, compared to 1197.2631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.1369 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 115.8523 COP (High: 1213.9980 / Low: 1098.1457). On the other end, May was the most stable month, with a tight range of 33.8571 COP (High: 1225.4116 / Low: 1191.5545).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 55.8933 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 1265.4434) against the same month in 2016 (average: 1266.8573), the exchange rate shifted by -1.4139 (-0.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1132.3844 | 1060.0178 | 1089.5405 |
| February | 1142.5203 | 1060.0312 | 1092.7220 |
| March | 1220.5627 | 1172.6633 | 1192.1763 |
| April | 1217.7966 | 1172.0059 | 1192.8464 |
| May | 1225.4116 | 1191.5545 | 1206.7665 |
| June | 1265.7589 | 1194.6057 | 1228.7053 |
| July | 1291.4744 | 1245.1893 | 1265.4434 |
| August | 1260.0096 | 1212.1244 | 1238.8963 |
| September | 1223.1625 | 1168.2465 | 1183.0030 |
| October | 1209.1442 | 1171.5196 | 1188.3915 |
| November | 1213.9980 | 1098.1457 | 1168.2441 |
| December | 1179.1718 | 1102.6800 | 1139.6001 |