2019 GEL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 137.3014. Conversely, the yearly low was recorded on August 26, dropping to 104.0577.
This high-to-low spread represents a total annual volatility of 33.2436 NGN. From a start-to-finish perspective, comparing the January average rate of 136.4630 to the December average rate of 125.4229, the exchange rate registered a net change of -8.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 137.3014 was down 7.83% compared to the 2018 peak of 148.9585, 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 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 132.8458, compared to 123.3532 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.4926 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 21.0131 NGN (High: 132.5368 / Low: 111.5236). On the other end, November was the most stable month, with a tight range of 1.2859 NGN (High: 122.6023 / Low: 121.3164).
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 May and June, when the average rate fell by 5.4893 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 136.2809) against the same month in 2018 (average: 146.5683), the exchange rate shifted by -10.2873 (-7.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 137.1022 | 135.4775 | 136.4630 |
| February | 137.3014 | 134.5057 | 136.2809 |
| March | 135.9887 | 133.4572 | 134.2883 |
| April | 134.2644 | 132.5847 | 133.6250 |
| May | 133.7021 | 128.3422 | 130.9534 |
| June | 132.5368 | 111.5236 | 125.4641 |
| July | 128.8014 | 121.5972 | 125.7985 |
| August | 124.7276 | 104.0577 | 122.5983 |
| September | 123.4694 | 121.2571 | 122.1351 |
| October | 123.0900 | 121.2137 | 122.0944 |
| November | 122.6023 | 121.3164 | 122.0700 |
| December | 127.1722 | 121.9984 | 125.4229 |