2019 GEL to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 135.4839. Conversely, the yearly low was recorded on November 21, dropping to 119.3980.
This high-to-low spread represents a total annual volatility of 16.0859 MRO. From a start-to-finish perspective, comparing the January average rate of 134.0610 to the December average rate of 123.4827, the exchange rate registered a net change of -7.89% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 135.4839 was down 7.81% compared to the 2018 peak of 146.9599, 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 2019.
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 132.1548, compared to 121.8992 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.2556 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was July, with a trading range of 7.5261 MRO (High: 127.7281 / Low: 120.2020). On the other end, April was the most stable month, with a tight range of 0.9831 MRO (High: 132.9609 / Low: 131.9778).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 4.2944 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 134.5931) against the same month in 2018 (average: 144.4969), the exchange rate shifted by -9.9037 (-6.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.4633 | 133.2090 | 134.0610 |
| February | 135.4839 | 132.7138 | 134.5931 |
| March | 134.2105 | 132.4675 | 133.1223 |
| April | 132.9609 | 131.9778 | 132.4764 |
| May | 131.9778 | 127.2727 | 129.7878 |
| June | 131.2500 | 124.8252 | 128.8882 |
| July | 127.7281 | 120.2020 | 124.5938 |
| August | 122.8916 | 121.0169 | 121.9144 |
| September | 121.4286 | 119.7987 | 120.6021 |
| October | 121.2224 | 119.5980 | 120.4879 |
| November | 120.9096 | 119.3980 | 120.3143 |
| December | 125.0438 | 120.2020 | 123.4827 |