2017 GEL to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 637.8352. Conversely, the yearly low was recorded on January 5, dropping to 545.5080.
This high-to-low spread represents a total annual volatility of 92.3272 LBP. From a start-to-finish perspective, comparing the January average rate of 559.0429 to the December average rate of 578.0182, the exchange rate registered a net change of 3.39% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 637.8352 was down 10.20% compared to the 2016 peak of 710.2752, 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 LBP 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 602.4898, compared to 606.6663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.1765 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 58.6554 LBP (High: 614.2418 / Low: 555.5864). On the other end, July was the most stable month, with a tight range of 10.2014 LBP (High: 630.0117 / Low: 619.8103).
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 20.5121 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2017: 625.5047) against the same month in 2016 (average: 668.7723), the exchange rate shifted by -43.2676 (-6.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 570.8141 | 545.5080 | 559.0429 |
| February | 591.8324 | 557.8957 | 572.9292 |
| March | 621.8251 | 599.4717 | 610.2420 |
| April | 637.8352 | 610.1124 | 625.5047 |
| May | 629.5036 | 616.5883 | 622.2258 |
| June | 630.1243 | 618.2340 | 624.9944 |
| July | 630.0117 | 619.8103 | 627.5475 |
| August | 637.3149 | 618.6420 | 628.1639 |
| September | 618.1696 | 606.4921 | 612.0173 |
| October | 615.5621 | 594.3611 | 607.3815 |
| November | 614.2418 | 555.5864 | 586.8694 |
| December | 598.7690 | 558.0881 | 578.0182 |