2018 GEL to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GEL to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GEL to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 146.9599. Conversely, the yearly low was recorded on October 8, dropping to 84.6289.
This high-to-low spread represents a total annual volatility of 62.3310 MRO. From a start-to-finish perspective, comparing the January average rate of 138.7693 to the December average rate of 134.0863, the exchange rate registered a net change of -3.37% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 146.9599 was down 4.07% compared to the 2017 peak of 153.2018, 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 MRO 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 144.0635, compared to 142.1127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9508 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 61.4690 MRO (High: 146.0979 / Low: 84.6289). On the other end, July was the most stable month, with a tight range of 0.6589 MRO (High: 145.7511 / Low: 145.0922).
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 November and December, when the average rate fell by 7.2093 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2018: 145.8197) against the same month in 2017 (average: 149.2752), the exchange rate shifted by -3.4554 (-2.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 144.2008 | 136.6993 | 138.7693 |
| February | 145.5871 | 143.4050 | 144.4969 |
| March | 146.0603 | 144.4674 | 145.3606 |
| April | 146.9599 | 143.9139 | 145.8197 |
| May | 146.3398 | 143.3800 | 144.9770 |
| June | 145.4439 | 144.3107 | 144.9577 |
| July | 145.7511 | 145.0922 | 145.4781 |
| August | 146.0979 | 143.8056 | 144.5093 |
| September | 146.0979 | 143.5483 | 145.4017 |
| October | 146.0979 | 84.6289 | 141.9051 |
| November | 145.8935 | 133.8991 | 141.2956 |
| December | 134.8090 | 133.2090 | 134.0863 |