2019 GEL to TOP Historical Review

YEARLY HIGH

0.8642 TOP

YEARLY LOW

0.7719 TOP

YEARLY AVERAGE

0.8147 TOP

2019 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 0.8642. Conversely, the yearly low was recorded on July 31, dropping to 0.7719.

This high-to-low spread represents a total annual volatility of 0.0923 TOP. From a start-to-finish perspective, comparing the January average rate of 0.8515 to the December average rate of 0.7955, the exchange rate registered a net change of -6.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.8642 was down 9.48% compared to the 2018 peak of 0.9547, 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 4,321 TOP

2018 Average 4,576 TOP

Yearly Trough Low 3,860 TOP

Transaction Impact: A difference of 461.36 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.8585

0.7738

JanuMarcMayJulySeptNove

GEL to TOP 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 0.8412, compared to 0.7882 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0530 points.

H1 Avg (Jan–Jun) 0.8412

H2 Avg (Jul–Dec) 0.7882

Volatility Range Comparison

Volatility

The most volatile month in 2019 was July, with a trading range of 0.0422 TOP (High: 0.8142 / Low: 0.7719). On the other end, October was the most stable month, with a tight range of 0.0083 TOP (High: 0.7886 / Low: 0.7803).

July Spread (Volatile) ±0.0422

October Spread (Stable) ±0.0083

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 0.0309 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 0.8515) against the same month in 2018 (average: 0.8786), the exchange rate shifted by -0.0271 (-3.09%).

2019 Avg (January) 0.8515

2018 Avg (January) 0.8786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8642	0.8460	0.8515
February	0.8602	0.8370	0.8511
March	0.8505	0.8370	0.8436
April	0.8518	0.8204	0.8420
May	0.8440	0.8180	0.8328
June	0.8403	0.7981	0.8260
July	0.8142	0.7719	0.7951
August	0.7936	0.7789	0.7898
September	0.7921	0.7738	0.7832
October	0.7886	0.7803	0.7845
November	0.7857	0.7726	0.7808
December	0.8060	0.7805	0.7955