2019 GEL to MZN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to MZN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 24.7220. Conversely, the yearly low was recorded on August 11, dropping to 19.8011.
This high-to-low spread represents a total annual volatility of 4.9209 MZN. From a start-to-finish perspective, comparing the January average rate of 23.1406 to the December average rate of 21.8279, the exchange rate registered a net change of -5.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 24.7220 was down 2.80% compared to the 2018 peak of 25.4338, 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 MZN 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 23.2693, compared to 21.2573 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0120 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was May, with a trading range of 1.6802 MZN (High: 23.8816 / Low: 22.2014). On the other end, September was the most stable month, with a tight range of 0.1646 MZN (High: 20.9490 / Low: 20.7844).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.9108 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 23.5364) against the same month in 2018 (average: 24.7728), the exchange rate shifted by -1.2364 (-4.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.2997 | 22.7795 | 23.1406 |
| February | 24.7220 | 23.2715 | 23.5364 |
| March | 23.8894 | 23.3271 | 23.4795 |
| April | 24.0406 | 23.8580 | 23.9452 |
| May | 23.8816 | 22.2014 | 23.0686 |
| June | 22.8926 | 21.7357 | 22.4458 |
| July | 22.3168 | 20.6729 | 21.6753 |
| August | 21.1322 | 19.8011 | 20.7645 |
| September | 20.9490 | 20.7844 | 20.8591 |
| October | 21.2737 | 20.7651 | 21.0260 |
| November | 21.5724 | 21.2391 | 21.3912 |
| December | 22.3993 | 21.4398 | 21.8279 |