2017 GEL to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 10, valuing the pair at 6.4969. Conversely, the yearly low was recorded on January 8, dropping to 5.5702.
This high-to-low spread represents a total annual volatility of 0.9267 MVR. From a start-to-finish perspective, comparing the January average rate of 5.6986 to the December average rate of 5.8738, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.4969 was down 9.82% compared to the 2016 peak of 7.2041, 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 MVR 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 6.1817, compared to 6.1882 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0065 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 0.5712 MVR (High: 6.4824 / Low: 5.9113). On the other end, July was the most stable month, with a tight range of 0.0641 MVR (High: 6.4839 / Low: 6.4198).
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 0.2354 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2017: 6.4552) against the same month in 2016 (average: 6.9748), the exchange rate shifted by -0.5196 (-7.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8083 | 5.5702 | 5.6986 |
| February | 6.0905 | 5.7217 | 5.8703 |
| March | 6.3705 | 6.2130 | 6.2853 |
| April | 6.4700 | 6.2362 | 6.3994 |
| May | 6.4769 | 6.3023 | 6.3816 |
| June | 6.4969 | 6.4264 | 6.4552 |
| July | 6.4839 | 6.4198 | 6.4577 |
| August | 6.4824 | 5.9113 | 6.3972 |
| September | 6.3417 | 6.2099 | 6.2516 |
| October | 6.2406 | 6.0505 | 6.1921 |
| November | 6.1893 | 5.6349 | 5.9567 |
| December | 6.0878 | 5.6818 | 5.8738 |