2017 GEL to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 8.2460. Conversely, the yearly low was recorded on November 28, dropping to 6.8222.
This high-to-low spread represents a total annual volatility of 1.4237 MXN. From a start-to-finish perspective, comparing the January average rate of 7.9142 to the December average rate of 7.3338, the exchange rate registered a net change of -7.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 8.2460 was down 6.83% compared to the 2016 peak of 8.8508, 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 MXN 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 7.7440, compared to 7.3893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3547 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was December, with a trading range of 0.9336 MXN (High: 7.8055 / Low: 6.8719). On the other end, August was the most stable month, with a tight range of 0.2184 MXN (High: 7.5205 / Low: 7.3021).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2274 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 7.9142) against the same month in 2016 (average: 7.3991), the exchange rate shifted by +0.5151 (+6.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.2460 | 7.6964 | 7.9142 |
| February | 7.8757 | 7.5775 | 7.6988 |
| March | 8.0492 | 7.6596 | 7.8129 |
| April | 7.8881 | 7.6633 | 7.7651 |
| May | 7.8839 | 7.6075 | 7.7421 |
| June | 7.7242 | 7.4120 | 7.5310 |
| July | 7.6455 | 7.2844 | 7.4347 |
| August | 7.5205 | 7.3021 | 7.4233 |
| September | 7.3845 | 7.1509 | 7.2312 |
| October | 7.6930 | 7.3718 | 7.5702 |
| November | 7.7414 | 6.8222 | 7.3428 |
| December | 7.8055 | 6.8719 | 7.3338 |