2018 GEL to TRY Historical Review

YEARLY HIGH

2.8408 TRY

YEARLY LOW

1.4440 TRY

YEARLY AVERAGE

1.9485 TRY

2018 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 2.8408. Conversely, the yearly low was recorded on January 7, dropping to 1.4440.

This high-to-low spread represents a total annual volatility of 1.3968 TRY. From a start-to-finish perspective, comparing the January average rate of 1.4746 to the December average rate of 1.9947, the exchange rate registered a net change of 35.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 2.8408 was up 78.11% compared to the 2017 peak of 1.5949, 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 14,204 TRY

2017 Average 7,301 TRY

Yearly Trough Low 7,220 TRY

Transaction Impact: A difference of 6,984.16 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

2.6800

1.3651

JanuMarcMayJulySeptNove

GEL to TRY 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 1.6604, compared to 2.2365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5761 points.

H1 Avg (Jan–Jun) 1.6604

H2 Avg (Jul–Dec) 2.2365

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.8048 TRY (High: 2.8408 / Low: 2.0360). On the other end, February was the most stable month, with a tight range of 0.0580 TRY (High: 1.5644 / Low: 1.5064).

August Spread (Volatile) ±0.8048

February Spread (Stable) ±0.0580

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2526 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.2526

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 2.4060) against the same month in 2017 (average: 1.4627), the exchange rate shifted by +0.9433 (+64.49%).

2018 Avg (August) 2.4060

2017 Avg (August) 1.4627

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5217	1.4440	1.4746
February	1.5644	1.5064	1.5391
March	1.6461	1.5451	1.5913
April	1.7082	1.6275	1.6664
May	1.9260	1.6748	1.8048
June	1.9330	1.8265	1.8864
July	2.0096	1.8666	1.9496
August	2.8408	2.0360	2.4060
September	2.6943	2.4559	2.5704
October	2.5282	2.2362	2.3755
November	2.2578	1.9443	2.1229
December	2.0287	1.9531	1.9947