2018 GEL to RSD Historical Review

YEARLY HIGH

42.7384 RSD

YEARLY LOW

37.5351 RSD

YEARLY AVERAGE

40.3314 RSD

2018 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 42.7384. Conversely, the yearly low was recorded on January 15, dropping to 37.5351.

This high-to-low spread represents a total annual volatility of 5.2033 RSD. From a start-to-finish perspective, comparing the January average rate of 38.0130 to the December average rate of 39.0461, the exchange rate registered a net change of 2.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 42.7384 was down 12.72% compared to the 2017 peak of 48.9663, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 213,692 RSD

2017 Average 215,648 RSD

Yearly Trough Low 187,676 RSD

Transaction Impact: A difference of 26,016.44 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

42.5251

37.6029

JanuMarcMayJulySeptNove

GEL to RSD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 39.5977, compared to 41.0651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4673 points.

H1 Avg (Jan–Jun) 39.5977

H2 Avg (Jul–Dec) 41.0651

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 3.7777 RSD (High: 42.7384 / Low: 38.9607). On the other end, July was the most stable month, with a tight range of 0.4027 RSD (High: 41.4213 / Low: 41.0186).

November Spread (Volatile) ±3.7777

July Spread (Stable) ±0.4027

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 2.1374 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -2.1374

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 41.1835) against the same month in 2017 (average: 39.2346), the exchange rate shifted by +1.9489 (+4.97%).

2018 Avg (November) 41.1835

2017 Avg (November) 39.2346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.7351	37.5351	38.0130
February	39.6881	38.2558	38.9629
March	39.5809	38.6881	39.1743
April	39.9202	39.1088	39.4972
May	41.3485	39.8850	40.7351
June	41.6160	40.6352	41.2037
July	41.4213	41.0186	41.2428
August	42.4909	40.7403	41.4709
September	41.8539	40.9407	41.3321
October	42.7222	41.5311	42.1149
November	42.7384	38.9607	41.1835
December	39.4555	38.4966	39.0461