2018 MAD to GEL Historical Review

YEARLY HIGH

0.2808 GEL

YEARLY LOW

0.2551 GEL

YEARLY AVERAGE

0.2648 GEL

2018 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2808. Conversely, the yearly low was recorded on November 12, dropping to 0.2551.

This high-to-low spread represents a total annual volatility of 0.0257 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2764 to the December average rate of 0.2791, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.2808 was down 2.92% compared to the 2017 peak of 0.2893, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 1,404 GEL

2017 Average 1,289 GEL

Yearly Trough Low 1,276 GEL

Transaction Impact: A difference of 128.29 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.2812

0.2560

JanuMarcMayJulySeptNove

MAD to GEL 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 0.2657, compared to 0.2639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.2657

H2 Avg (Jul–Dec) 0.2639

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.0254 GEL (High: 0.2806 / Low: 0.2551). On the other end, July was the most stable month, with a tight range of 0.0024 GEL (High: 0.2599 / Low: 0.2576).

November Spread (Volatile) ±0.0254

July Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0088 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.2791) against the same month in 2017 (average: 0.2785), the exchange rate shifted by +0.0006 (+0.22%).

2018 Avg (December) 0.2791

2017 Avg (December) 0.2785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2786	0.2697	0.2764
February	0.2719	0.2638	0.2676
March	0.2684	0.2643	0.2664
April	0.2674	0.2624	0.2646
May	0.2634	0.2581	0.2605
June	0.2610	0.2567	0.2585
July	0.2599	0.2576	0.2588
August	0.2643	0.2556	0.2602
September	0.2640	0.2588	0.2612
October	0.2604	0.2557	0.2581
November	0.2806	0.2551	0.2661
December	0.2808	0.2775	0.2791