2019 GEL to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 51.7349. Conversely, the yearly low was recorded on October 1, dropping to 44.8025.
This high-to-low spread represents a total annual volatility of 6.9324 JMD. From a start-to-finish perspective, comparing the January average rate of 48.8342 to the December average rate of 47.3670, the exchange rate registered a net change of -3.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 51.7349 was down 7.50% compared to the 2018 peak of 55.9300, 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 2019.
GEL to JMD 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 48.4519, compared to 46.5002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 4.0785 JMD (High: 49.6234 / Low: 45.5449). On the other end, November was the most stable month, with a tight range of 0.6994 JMD (High: 47.5907 / Low: 46.8912).
Growth Streaks & Declines
TrendsBetween March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 3.3402 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 50.3891) against the same month in 2018 (average: 51.1125), the exchange rate shifted by -0.7234 (-1.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.2659 | 47.4257 | 48.8342 |
| February | 51.7349 | 48.2072 | 50.3891 |
| March | 48.6466 | 46.3304 | 47.0489 |
| April | 49.4787 | 46.5849 | 48.0981 |
| May | 49.8075 | 47.6970 | 49.0079 |
| June | 49.6234 | 45.5449 | 47.3333 |
| July | 47.4728 | 45.7594 | 46.5877 |
| August | 46.5441 | 45.5778 | 46.0887 |
| September | 46.3714 | 45.2151 | 45.8573 |
| October | 46.8500 | 44.8025 | 45.8397 |
| November | 47.5907 | 46.8912 | 47.2608 |
| December | 49.2327 | 46.1104 | 47.3670 |