2011 GEL to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GEL to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GEL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 74.0691. Conversely, the yearly low was recorded on February 2, dropping to 63.6620.
This high-to-low spread represents a total annual volatility of 10.4071 ISK. From a start-to-finish perspective, comparing the January average rate of 64.9291 to the December average rate of 72.8433, the exchange rate registered a net change of 12.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 74.0691 was down 2.03% compared to the 2010 peak of 75.6072, 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 ISK 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 67.3001, compared to 70.4320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1319 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was May, with a trading range of 3.7805 ISK (High: 69.8677 / Low: 66.0872). On the other end, March was the most stable month, with a tight range of 1.7030 ISK (High: 68.5410 / Low: 66.8380).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2444 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 72.8433) against the same month in 2010 (average: 65.6905), the exchange rate shifted by +7.1528 (+10.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 66.3410 | 63.9128 | 64.9291 |
| February | 66.9172 | 63.6620 | 65.7268 |
| March | 68.5410 | 66.8380 | 67.3405 |
| April | 69.1914 | 67.0905 | 67.8649 |
| May | 69.8677 | 66.0872 | 68.3022 |
| June | 71.1378 | 68.4404 | 69.6370 |
| July | 70.5739 | 68.4113 | 69.5510 |
| August | 70.3522 | 68.4749 | 69.4235 |
| September | 71.3725 | 68.9564 | 70.1564 |
| October | 71.5931 | 68.0715 | 69.9120 |
| November | 72.6035 | 68.8330 | 70.7056 |
| December | 74.0691 | 71.3038 | 72.8433 |