2017 GEL to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on May 26, valuing the pair at 245.5965. Conversely, the yearly low was recorded on January 9, dropping to 199.4442.
This high-to-low spread represents a total annual volatility of 46.1523 CRC. From a start-to-finish perspective, comparing the January average rate of 204.3669 to the December average rate of 215.7985, the exchange rate registered a net change of 5.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 245.5965 was down 3.70% compared to the 2016 peak of 255.0198, 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 CRC 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 223.8857, compared to 229.7438 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.8581 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 21.0301 CRC (High: 229.3560 / Low: 208.3259). On the other end, June was the most stable month, with a tight range of 3.9742 CRC (High: 237.1860 / Low: 233.2118).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 9.3797 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2017: 234.6367) against the same month in 2016 (average: 245.9932), the exchange rate shifted by -11.3565 (-4.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 209.3469 | 199.4442 | 204.3669 |
| February | 218.1501 | 204.9943 | 211.2908 |
| March | 229.2858 | 222.8062 | 226.1895 |
| April | 235.0037 | 225.0427 | 231.2016 |
| May | 245.5965 | 228.0813 | 234.6367 |
| June | 237.1860 | 233.2118 | 235.6289 |
| July | 240.3380 | 235.7192 | 238.3005 |
| August | 242.7849 | 236.0175 | 240.2804 |
| September | 237.9559 | 231.2822 | 233.9768 |
| October | 233.3432 | 223.8249 | 229.7432 |
| November | 229.3560 | 208.3259 | 220.3635 |
| December | 223.4661 | 208.9590 | 215.7985 |