2019 GEL to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GEL to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GEL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 3.2937. Conversely, the yearly low was recorded on July 30, dropping to 2.9633.
This high-to-low spread represents a total annual volatility of 0.3304 NOK. From a start-to-finish perspective, comparing the January average rate of 3.2115 to the December average rate of 3.1184, the exchange rate registered a net change of -2.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 3.2937 was down 5.41% compared to the 2018 peak of 3.4821, 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 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 3.1878, compared to 3.0670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1208 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 0.2184 NOK (High: 3.1879 / Low: 2.9695). On the other end, November was the most stable month, with a tight range of 0.0498 NOK (High: 3.1079 / Low: 3.0582).
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 June and July, when the average rate fell by 0.1075 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 3.2364) against the same month in 2018 (average: 3.1859), the exchange rate shifted by +0.0505 (+1.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2848 | 3.1714 | 3.2115 |
| February | 3.2937 | 3.1746 | 3.2364 |
| March | 3.2688 | 3.1475 | 3.2077 |
| April | 3.2119 | 3.1463 | 3.1793 |
| May | 3.2373 | 3.1177 | 3.1770 |
| June | 3.1879 | 2.9695 | 3.1146 |
| July | 3.0833 | 2.9633 | 3.0070 |
| August | 3.1024 | 3.0154 | 3.0617 |
| September | 3.1002 | 3.0150 | 3.0461 |
| October | 3.1307 | 3.0554 | 3.0870 |
| November | 3.1079 | 3.0582 | 3.0816 |
| December | 3.1758 | 3.0750 | 3.1184 |