2016 GEL to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GEL to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GEL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 3.9112. Conversely, the yearly low was recorded on December 21, dropping to 3.1008.
This high-to-low spread represents a total annual volatility of 0.8105 NOK. From a start-to-finish perspective, comparing the January average rate of 3.6173 to the December average rate of 3.2323, the exchange rate registered a net change of -10.64% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 3.9112 was down 16.78% compared to the 2015 peak of 4.6997, 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 2016.
GEL to NOK 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 3.6440, compared to 3.4777 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1662 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.3443 NOK (High: 3.9111 / Low: 3.5668). On the other end, July was the most stable month, with a tight range of 0.0812 NOK (High: 3.6551 / Low: 3.5739).
Growth Streaks & Declines
TrendsBetween February and June, 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 November and December, when the average rate fell by 0.1754 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2016: 3.7778) against the same month in 2015 (average: 3.2593), the exchange rate shifted by +0.5184 (+15.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.7043 | 3.4838 | 3.6173 |
| February | 3.5280 | 3.4277 | 3.4662 |
| March | 3.6762 | 3.4426 | 3.5674 |
| April | 3.7020 | 3.6090 | 3.6465 |
| May | 3.9112 | 3.6048 | 3.7778 |
| June | 3.9111 | 3.5668 | 3.7886 |
| July | 3.6551 | 3.5739 | 3.6177 |
| August | 3.6266 | 3.5066 | 3.5840 |
| September | 3.6379 | 3.4249 | 3.5575 |
| October | 3.5019 | 3.4188 | 3.4669 |
| November | 3.4660 | 3.3513 | 3.4077 |
| December | 3.3214 | 3.1008 | 3.2323 |