2017 GEL to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 215.7308. Conversely, the yearly low was recorded on January 6, dropping to 77.5334.
This high-to-low spread represents a total annual volatility of 138.1974 SYP. From a start-to-finish perspective, comparing the January average rate of 79.3549 to the December average rate of 196.3647, the exchange rate registered a net change of 147.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 215.7308 was up 109.01% compared to the 2016 peak of 103.2136, 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 2017.
GEL to SYP 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 85.6369, compared to 179.9549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 94.3180 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 126.0100 SYP (High: 215.7308 / Low: 89.7208). On the other end, July was the most stable month, with a tight range of 0.5892 SYP (High: 89.6196 / Low: 89.0304).
Growth Streaks & Declines
TrendsBetween May and September, 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 October and November, when the average rate fell by 7.2725 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 178.3249) against the same month in 2016 (average: 92.7561), the exchange rate shifted by +85.5688 (+92.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 80.6256 | 77.5334 | 79.3549 |
| February | 83.8661 | 79.4811 | 81.3962 |
| March | 88.0981 | 85.9560 | 86.9231 |
| April | 90.0531 | 86.7442 | 88.8304 |
| May | 89.1731 | 87.8441 | 88.4088 |
| June | 89.2082 | 88.4050 | 88.9084 |
| July | 89.6196 | 89.0304 | 89.4390 |
| August | 215.7308 | 89.7208 | 178.3249 |
| September | 211.3861 | 207.6027 | 208.8769 |
| October | 208.5976 | 202.3334 | 206.9982 |
| November | 207.4297 | 189.5268 | 199.7257 |
| December | 203.5724 | 190.0117 | 196.3647 |