2021 AZN to GEL Historical Review

YEARLY HIGH

2.0343 GEL

YEARLY LOW

1.8059 GEL

YEARLY AVERAGE

1.8919 GEL

2021 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 2.0343. Conversely, the yearly low was recorded on December 26, dropping to 1.8059.

This high-to-low spread represents a total annual volatility of 0.2284 GEL. From a start-to-finish perspective, comparing the January average rate of 1.9418 to the December average rate of 1.8212, the exchange rate registered a net change of -6.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.0343 was up 0.10% compared to the 2020 peak of 2.0323, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,172 GEL

2020 Average 9,145 GEL

Yearly Trough Low 9,029 GEL

Transaction Impact: A difference of 1,142.24 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.0394

1.8014

JanuMarcMayJulySeptNove

AZN 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 1.9516, compared to 1.8321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1195 points.

H1 Avg (Jan–Jun) 1.9516

H2 Avg (Jul–Dec) 1.8321

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.1176 GEL (High: 2.0343 / Low: 1.9167). On the other end, September was the most stable month, with a tight range of 0.0073 GEL (High: 1.8300 / Low: 1.8227).

May Spread (Volatile) ±0.1176

September Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.1291 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 2.0195) against the same month in 2020 (average: 1.8695), the exchange rate shifted by +0.1500 (+8.03%).

2021 Avg (April) 2.0195

2020 Avg (April) 1.8695

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9491	1.9267	1.9418
February	1.9603	1.9373	1.9485
March	2.0049	1.9520	1.9617
April	2.0343	2.0005	2.0195
May	2.0343	1.9167	1.9836
June	1.9167	1.8256	1.8545
July	1.8609	1.8078	1.8353
August	1.8344	1.8075	1.8231
September	1.8300	1.8227	1.8271
October	1.8521	1.8285	1.8421
November	1.8609	1.8197	1.8440
December	1.8374	1.8059	1.8212