2017 GEL to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 GEL to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the GEL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 5.7976. Conversely, the yearly low was recorded on December 27, dropping to 4.7449.
This high-to-low spread represents a total annual volatility of 1.0526 ZAR. From a start-to-finish perspective, comparing the January average rate of 5.0358 to the December average rate of 4.9867, the exchange rate registered a net change of -0.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 5.7976 was down 21.21% compared to the 2016 peak of 7.3582, 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 ZAR 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 5.2772, compared to 5.3824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1052 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.7669 ZAR (High: 5.7976 / Low: 5.0306). On the other end, June was the most stable month, with a tight range of 0.2036 ZAR (High: 5.4440 / Low: 5.2405).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4807 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2017: 5.4674) against the same month in 2016 (average: 5.6569), the exchange rate shifted by -0.1895 (-3.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.2091 | 4.9250 | 5.0358 |
| February | 5.1414 | 4.9022 | 5.0031 |
| March | 5.5169 | 5.0821 | 5.2411 |
| April | 5.7710 | 5.3547 | 5.5677 |
| May | 5.5991 | 5.3078 | 5.4669 |
| June | 5.4440 | 5.2405 | 5.3486 |
| July | 5.6607 | 5.3758 | 5.4747 |
| August | 5.6380 | 5.3531 | 5.5231 |
| September | 5.4855 | 5.1654 | 5.3368 |
| October | 5.6894 | 5.3535 | 5.5060 |
| November | 5.7976 | 5.0306 | 5.4674 |
| December | 5.1537 | 4.7449 | 4.9867 |