2017 GEL to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 1027.9011. Conversely, the yearly low was recorded on November 28, dropping to 898.4215.
This high-to-low spread represents a total annual volatility of 129.4795 MNT. From a start-to-finish perspective, comparing the January average rate of 921.0113 to the December average rate of 926.9710, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 1027.9011 was up 3.31% compared to the 2016 peak of 994.9648, 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 MNT 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 972.0903, compared to 978.5018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.4115 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 87.5771 MNT (High: 985.9986 / Low: 898.4215). On the other end, June was the most stable month, with a tight range of 14.7186 MNT (High: 989.2598 / Low: 974.5412).
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 37.0862 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 1017.1636) against the same month in 2016 (average: 941.3904), the exchange rate shifted by +75.7732 (+8.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 938.6359 | 904.8420 | 921.0113 |
| February | 967.2714 | 909.0219 | 938.5379 |
| March | 1007.0884 | 982.6743 | 995.8605 |
| April | 1012.1697 | 978.1291 | 1002.0455 |
| May | 1005.4528 | 987.5613 | 993.5876 |
| June | 989.2598 | 974.5412 | 981.4987 |
| July | 1017.2781 | 974.8946 | 999.1863 |
| August | 1027.9011 | 999.2112 | 1017.1636 |
| September | 997.6892 | 978.1335 | 992.1607 |
| October | 995.9536 | 963.3573 | 986.3077 |
| November | 985.9986 | 898.4215 | 949.2215 |
| December | 958.7784 | 899.9039 | 926.9710 |