2017 GEL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 154.6604. Conversely, the yearly low was recorded on January 9, dropping to 110.4509.
This high-to-low spread represents a total annual volatility of 44.2095 NGN. From a start-to-finish perspective, comparing the January average rate of 116.0956 to the December average rate of 137.1793, the exchange rate registered a net change of 18.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 154.6604 was up 1.24% compared to the 2016 peak of 152.7709, 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 NGN 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 126.0763, compared to 141.2417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.1654 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 23.0021 NGN (High: 154.6604 / Low: 131.6583). On the other end, October was the most stable month, with a tight range of 4.2863 NGN (High: 145.6156 / Low: 141.3293).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.9679 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 148.9087) against the same month in 2016 (average: 139.1718), the exchange rate shifted by +9.7369 (+7.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 119.2513 | 110.4509 | 116.0956 |
| February | 123.8549 | 113.4077 | 119.7183 |
| March | 129.6656 | 123.1683 | 127.2777 |
| April | 132.6641 | 127.2615 | 130.5711 |
| May | 134.9365 | 128.5490 | 130.7558 |
| June | 145.6799 | 129.1795 | 132.0393 |
| July | 146.0429 | 127.4615 | 132.0791 |
| August | 154.6604 | 131.6583 | 148.9087 |
| September | 147.6546 | 143.1658 | 145.4733 |
| October | 145.6156 | 141.3293 | 144.3890 |
| November | 145.7936 | 132.1562 | 139.4211 |
| December | 142.0648 | 132.8580 | 137.1793 |