2017 GEL to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 24.3769. Conversely, the yearly low was recorded on November 30, dropping to 19.0866.
This high-to-low spread represents a total annual volatility of 5.2903 MKD. From a start-to-finish perspective, comparing the January average rate of 21.4591 to the December average rate of 19.8218, the exchange rate registered a net change of -7.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 24.3769 was down 5.72% compared to the 2016 peak of 25.8549, 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 MKD 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 22.7344, compared to 21.0389 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6955 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 2.0406 MKD (High: 21.1272 / Low: 19.0866). On the other end, October was the most stable month, with a tight range of 0.4925 MKD (High: 21.2507 / Low: 20.7582).
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 April and May, when the average rate fell by 0.8754 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2017: 23.8367) against the same month in 2016 (average: 24.1276), the exchange rate shifted by -0.2909 (-1.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.3035 | 21.0987 | 21.4591 |
| February | 22.7948 | 21.2032 | 21.9823 |
| March | 23.8161 | 23.0041 | 23.3920 |
| April | 24.3769 | 22.8454 | 23.8367 |
| May | 23.2907 | 22.6887 | 22.9612 |
| June | 22.9830 | 22.4308 | 22.7749 |
| July | 22.6611 | 21.8104 | 22.2846 |
| August | 21.9873 | 21.2410 | 21.7673 |
| September | 21.3067 | 20.7647 | 20.9605 |
| October | 21.2507 | 20.7582 | 21.0596 |
| November | 21.1272 | 19.0866 | 20.3395 |
| December | 20.5297 | 19.0978 | 19.8218 |