2017 GEL to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 574.3856. Conversely, the yearly low was recorded on January 8, dropping to 491.4822.
This high-to-low spread represents a total annual volatility of 82.9034 MMK. From a start-to-finish perspective, comparing the January average rate of 503.1387 to the December average rate of 517.9248, the exchange rate registered a net change of 2.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 574.3856 was up 2.41% compared to the 2016 peak of 560.8916, 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 MMK 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 544.6373, compared to 546.3624 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7252 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 52.0689 MMK (High: 549.9137 / Low: 497.8449). On the other end, July was the most stable month, with a tight range of 11.5810 MMK (High: 574.3856 / Low: 562.8046).
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 21.8785 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 568.2580) against the same month in 2016 (average: 503.5673), the exchange rate shifted by +64.6907 (+12.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 516.2668 | 491.4822 | 503.1387 |
| February | 535.5389 | 502.1215 | 519.7258 |
| March | 562.9988 | 544.4665 | 554.1293 |
| April | 572.5635 | 553.3092 | 563.7223 |
| May | 570.3780 | 553.0962 | 562.1924 |
| June | 570.5470 | 557.9402 | 564.9151 |
| July | 574.3856 | 562.8046 | 568.2580 |
| August | 574.3215 | 556.8325 | 567.1920 |
| September | 561.3635 | 545.9040 | 551.9987 |
| October | 555.3943 | 532.6380 | 547.3398 |
| November | 549.9137 | 497.8449 | 525.4613 |
| December | 539.3760 | 500.6625 | 517.9248 |