2018 GEL to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 GEL to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the GEL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 12, valuing the pair at 3.4821. Conversely, the yearly low was recorded on January 27, dropping to 3.0390.
This high-to-low spread represents a total annual volatility of 0.4431 NOK. From a start-to-finish perspective, comparing the January average rate of 3.0915 to the December average rate of 3.2430, the exchange rate registered a net change of 4.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 3.4821 was down 4.14% compared to the 2017 peak of 3.6323, 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 2018.
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 3.2131, compared to 3.3392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1262 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was November, with a trading range of 0.2850 NOK (High: 3.4821 / Low: 3.1971). On the other end, March was the most stable month, with a tight range of 0.0779 NOK (High: 3.2241 / Low: 3.1463).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1106 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2018: 3.3535) against the same month in 2017 (average: 3.1736), the exchange rate shifted by +0.1799 (+5.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.1628 | 3.0390 | 3.0915 |
| February | 3.2615 | 3.0826 | 3.1859 |
| March | 3.2241 | 3.1463 | 3.1750 |
| April | 3.2687 | 3.1822 | 3.2181 |
| May | 3.3498 | 3.2685 | 3.2998 |
| June | 3.3402 | 3.2536 | 3.3080 |
| July | 3.3597 | 3.2778 | 3.3224 |
| August | 3.4391 | 3.3392 | 3.3809 |
| September | 3.4542 | 3.3125 | 3.3614 |
| October | 3.4466 | 3.3136 | 3.3741 |
| November | 3.4821 | 3.1971 | 3.3535 |
| December | 3.2927 | 3.2018 | 3.2430 |