2011 GEL to HRK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GEL to HRK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GEL to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3.4917. Conversely, the yearly low was recorded on May 5, dropping to 2.9542.
This high-to-low spread represents a total annual volatility of 0.5375 HRK. From a start-to-finish perspective, comparing the January average rate of 3.0836 to the December average rate of 3.4355, the exchange rate registered a net change of 11.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 3.4917 was up 5.07% compared to the 2010 peak of 3.3232, 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 2011.
GEL to HRK 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 3.0809, compared to 3.2681 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1873 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was January, with a trading range of 0.2314 HRK (High: 3.2197 / Low: 2.9883). On the other end, August was the most stable month, with a tight range of 0.0612 HRK (High: 3.1891 / Low: 3.1279).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0236 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 3.4355) against the same month in 2010 (average: 3.1714), the exchange rate shifted by +0.2642 (+8.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2197 | 2.9883 | 3.0836 |
| February | 3.1035 | 2.9840 | 3.0630 |
| March | 3.1475 | 3.0463 | 3.0849 |
| April | 3.1297 | 3.0228 | 3.0614 |
| May | 3.1590 | 2.9542 | 3.0803 |
| June | 3.1810 | 3.0665 | 3.1119 |
| July | 3.1744 | 3.0639 | 3.1221 |
| August | 3.1891 | 3.1279 | 3.1559 |
| September | 3.3486 | 3.1620 | 3.2733 |
| October | 3.4039 | 3.1898 | 3.2875 |
| November | 3.4096 | 3.2715 | 3.3343 |
| December | 3.4917 | 3.3517 | 3.4355 |