2016 GEL to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GEL to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 46.2570. Conversely, the yearly low was recorded on December 21, dropping to 37.9142.
This high-to-low spread represents a total annual volatility of 8.3428 CVE. From a start-to-finish perspective, comparing the January average rate of 41.6596 to the December average rate of 39.4561, the exchange rate registered a net change of -5.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 46.2570 was down 21.86% compared to the 2015 peak of 59.1956, 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 2016.
GEL to CVE 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 42.6774, compared to 41.8005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8769 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 3.7081 CVE (High: 46.1487 / Low: 42.4407). On the other end, July was the most stable month, with a tight range of 0.8156 CVE (High: 42.8077 / Low: 41.9921).
Growth Streaks & Declines
TrendsBetween February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 2.2627 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 44.6422) against the same month in 2015 (average: 42.5133), the exchange rate shifted by +2.1289 (+5.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.5102 | 40.8719 | 41.6596 |
| February | 41.0468 | 39.1990 | 40.0365 |
| March | 42.9362 | 40.6290 | 41.7930 |
| April | 44.0156 | 42.2290 | 43.1266 |
| May | 46.2570 | 43.2451 | 44.6422 |
| June | 46.1487 | 42.4407 | 44.8062 |
| July | 42.8077 | 41.9921 | 42.5436 |
| August | 43.0346 | 41.9947 | 42.4511 |
| September | 43.1204 | 42.0475 | 42.5904 |
| October | 42.9941 | 42.0172 | 42.4289 |
| November | 41.9991 | 40.7244 | 41.3329 |
| December | 40.5601 | 37.9142 | 39.4561 |