2021 BGN to GEL Historical Review

YEARLY HIGH

2.1402 GEL

YEARLY LOW

1.7733 GEL

YEARLY AVERAGE

1.9476 GEL

2021 BGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 2.1402. Conversely, the yearly low was recorded on December 19, dropping to 1.7733.

This high-to-low spread represents a total annual volatility of 0.3670 GEL. From a start-to-finish perspective, comparing the January average rate of 2.0554 to the December average rate of 1.7893, the exchange rate registered a net change of -12.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.1402 was up 3.51% compared to the 2020 peak of 2.0676, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,701 GEL

2020 Average 9,097 GEL

Yearly Trough Low 8,866 GEL

Transaction Impact: A difference of 1,834.77 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.1311

1.7582

JanuMarcMayJulySeptNove

BGN 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 2.0450, compared to 1.8503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1948 points.

H1 Avg (Jan–Jun) 2.0450

H2 Avg (Jul–Dec) 1.8503

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.1263 GEL (High: 2.0382 / Low: 1.9119). On the other end, August was the most stable month, with a tight range of 0.0258 GEL (High: 1.8809 / Low: 1.8551).

June Spread (Volatile) ±0.1263

August Spread (Stable) ±0.0258

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1537 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1537

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 2.0947) against the same month in 2020 (average: 1.7867), the exchange rate shifted by +0.3079 (+17.23%).

2021 Avg (May) 2.0947

2020 Avg (May) 1.7867

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0865	2.0359	2.0554
February	2.0704	2.0302	2.0498
March	2.0544	2.0176	2.0292
April	2.1395	2.0567	2.1000
May	2.1402	2.0325	2.0947
June	2.0382	1.9119	1.9410
July	1.9169	1.8554	1.8875
August	1.8809	1.8551	1.8657
September	1.8864	1.8414	1.8718
October	1.8810	1.8439	1.8578
November	1.8775	1.7814	1.8295
December	1.8086	1.7733	1.7893