2017 GEL to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 27.2358. Conversely, the yearly low was recorded on November 28, dropping to 23.7302.
This high-to-low spread represents a total annual volatility of 3.5056 INR. From a start-to-finish perspective, comparing the January average rate of 25.2423 to the December average rate of 24.4839, the exchange rate registered a net change of -3.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 27.2358 was down 13.63% compared to the 2016 peak of 31.5351, 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 INR 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 26.2404, compared to 25.9141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3264 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 2.5974 INR (High: 26.3276 / Low: 23.7302). On the other end, July was the most stable month, with a tight range of 0.2891 INR (High: 27.0357 / Low: 26.7466).
Growth Streaks & Declines
TrendsBetween January and April, 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 October and November, when the average rate fell by 0.9938 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2017: 26.7136) against the same month in 2016 (average: 28.1928), the exchange rate shifted by -1.4792 (-5.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.7666 | 24.7452 | 25.2423 |
| February | 26.1053 | 24.9593 | 25.4273 |
| March | 27.2358 | 26.3238 | 26.7136 |
| April | 27.0954 | 25.9245 | 26.7519 |
| May | 26.9265 | 26.2737 | 26.5718 |
| June | 26.9241 | 26.5337 | 26.7357 |
| July | 27.0357 | 26.7466 | 26.8785 |
| August | 26.8649 | 26.3156 | 26.6839 |
| September | 26.4576 | 25.8289 | 26.1283 |
| October | 26.5419 | 25.4120 | 26.1518 |
| November | 26.3276 | 23.7302 | 25.1580 |
| December | 25.3066 | 23.7798 | 24.4839 |