2018 GEL to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GEL to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GEL to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1486.0063. Conversely, the yearly low was recorded on January 3, dropping to 1249.9540.
This high-to-low spread represents a total annual volatility of 236.0523 MGA. From a start-to-finish perspective, comparing the January average rate of 1267.8753 to the December average rate of 1333.8809, the exchange rate registered a net change of 5.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 1486.0063 was up 9.34% compared to the 2017 peak of 1359.0692, 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 2018.
GEL to MGA 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 1310.1773, compared to 1379.8743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 69.6970 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was November, with a trading range of 126.4084 MGA (High: 1486.0063 / Low: 1359.5979). On the other end, August was the most stable month, with a tight range of 32.0479 MGA (High: 1362.3726 / Low: 1330.3247).
Growth Streaks & Declines
TrendsBetween March and June, 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 November and December, when the average rate fell by 89.5715 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 1423.4524) against the same month in 2017 (average: 1232.5887), the exchange rate shifted by +190.8637 (+15.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1300.0378 | 1249.9540 | 1267.8753 |
| February | 1313.0551 | 1266.6832 | 1288.4991 |
| March | 1320.9106 | 1256.7450 | 1287.6695 |
| April | 1341.9428 | 1301.4689 | 1319.2106 |
| May | 1347.9897 | 1314.0476 | 1327.9512 |
| June | 1391.9035 | 1343.9273 | 1369.8583 |
| July | 1384.3110 | 1339.5133 | 1366.0777 |
| August | 1362.3726 | 1330.3247 | 1340.4023 |
| September | 1403.7654 | 1345.6049 | 1385.0554 |
| October | 1444.2141 | 1404.5004 | 1430.3774 |
| November | 1486.0063 | 1359.5979 | 1423.4524 |
| December | 1383.7488 | 1298.5075 | 1333.8809 |