2017 JOD to GEL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 JOD to GEL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the JOD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 3.8865. Conversely, the yearly low was recorded on April 17, dropping to 3.3539.
This high-to-low spread represents a total annual volatility of 0.5327 GEL. From a start-to-finish perspective, comparing the January average rate of 3.8071 to the December average rate of 3.7000, the exchange rate registered a net change of -2.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 3.8865 was down 1.65% compared to the 2016 peak of 3.9516, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
JOD to GEL 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 3.5358, compared to 3.5148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0210 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was November, with a trading range of 0.3303 GEL (High: 3.8322 / Low: 3.5019). On the other end, July was the most stable month, with a tight range of 0.0248 GEL (High: 3.3923 / Low: 3.3674).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2392 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2017: 3.8071) against the same month in 2016 (average: 3.4354), the exchange rate shifted by +0.3718 (+10.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8865 | 3.7402 | 3.8071 |
| February | 3.8063 | 3.6071 | 3.7171 |
| March | 3.5172 | 3.4274 | 3.4779 |
| April | 3.4827 | 3.3539 | 3.4011 |
| May | 3.4391 | 3.3878 | 3.4160 |
| June | 3.4173 | 3.3827 | 3.3954 |
| July | 3.3923 | 3.3674 | 3.3781 |
| August | 3.4275 | 3.3658 | 3.3824 |
| September | 3.5008 | 3.4367 | 3.4786 |
| October | 3.5899 | 3.4842 | 3.5087 |
| November | 3.8322 | 3.5019 | 3.6407 |
| December | 3.8202 | 3.5680 | 3.7000 |