2019 GEL to ETB Historical Review

YEARLY HIGH

11.1751 ETB

YEARLY LOW

9.7397 ETB

YEARLY AVERAGE

10.3845 ETB

2019 GEL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 11.1751. Conversely, the yearly low was recorded on July 31, dropping to 9.7397.

This high-to-low spread represents a total annual volatility of 1.4354 ETB. From a start-to-finish perspective, comparing the January average rate of 10.6498 to the December average rate of 10.8923, the exchange rate registered a net change of 2.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 11.1751 was down 2.72% compared to the 2018 peak of 11.4876, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 55,876 ETB

2018 Average 55,695 ETB

Yearly Trough Low 48,699 ETB

Transaction Impact: A difference of 7,177.11 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

10.9890

9.8289

JanuMarcMayJulySeptNove

GEL to ETB Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.6116, compared to 10.1574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4542 points.

H1 Avg (Jan–Jun) 10.6116

H2 Avg (Jul–Dec) 10.1574

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.8555 ETB (High: 11.1751 / Low: 10.3197). On the other end, March was the most stable month, with a tight range of 0.1465 ETB (High: 10.7331 / Low: 10.5866).

December Spread (Volatile) ±0.8555

March Spread (Stable) ±0.1465

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.3446 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3446

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 10.8923) against the same month in 2018 (average: 10.5905), the exchange rate shifted by +0.3018 (+2.85%).

2019 Avg (December) 10.8923

2018 Avg (December) 10.5905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7458	10.4864	10.6498
February	10.8539	10.5897	10.7349
March	10.7331	10.5866	10.6432
April	10.7635	10.5637	10.6856
May	10.7209	10.2903	10.5020
June	10.6667	10.1104	10.4542
July	10.4114	9.7397	10.1097
August	10.0613	9.8325	9.9604
September	9.9946	9.8346	9.9256
October	10.1146	9.7804	9.9738
November	10.2901	9.9254	10.0826
December	11.1751	10.3197	10.8923