2019 GEL to RSD Historical Review

YEARLY HIGH

39.7590 RSD

YEARLY LOW

35.5088 RSD

YEARLY AVERAGE

37.4349 RSD

2019 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 39.7590. Conversely, the yearly low was recorded on October 19, dropping to 35.5088.

This high-to-low spread represents a total annual volatility of 4.2502 RSD. From a start-to-finish perspective, comparing the January average rate of 38.9249 to the December average rate of 36.5855, the exchange rate registered a net change of -6.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 39.7590 was down 6.97% compared to the 2018 peak of 42.7384, 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 198,795 RSD

2018 Average 201,687 RSD

Yearly Trough Low 177,544 RSD

Transaction Impact: A difference of 21,250.97 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

39.6076

35.4845

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 38.6834, compared to 36.1863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4972 points.

H1 Avg (Jan–Jun) 38.6834

H2 Avg (Jul–Dec) 36.1863

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 2.1839 RSD (High: 38.4252 / Low: 36.2413). On the other end, April was the most stable month, with a tight range of 0.5404 RSD (High: 39.2257 / Low: 38.6854).

June Spread (Volatile) ±2.1839

April Spread (Stable) ±0.5404

Growth Streaks & Declines

Trends

No 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 1.0371 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.0371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2019: 39.2640) against the same month in 2018 (average: 38.9629), the exchange rate shifted by +0.3011 (+0.77%).

2019 Avg (February) 39.2640

2018 Avg (February) 38.9629

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.3420	38.3094	38.9249
February	39.7590	38.5937	39.2640
March	39.2800	38.4264	38.9409
April	39.2257	38.6854	38.9695
May	39.0279	37.7558	38.3226
June	38.4252	36.2413	37.6789
July	37.5114	35.7143	36.6418
August	36.4265	35.8252	36.1410
September	36.4671	35.7454	36.0589
October	36.2515	35.5088	35.8623
November	36.1241	35.5217	35.8281
December	37.1103	35.7323	36.5855