YEARLY HIGH
1.1524 PGK
YEARLY LOW
1.0190 PGK
YEARLY AVERAGE
1.0981 PGK

2021 GEL to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.1524. Conversely, the yearly low was recorded on May 3, dropping to 1.0190.

This high-to-low spread represents a total annual volatility of 0.1334 PGK. From a start-to-finish perspective, comparing the January average rate of 1.0696 to the December average rate of 1.1397, the exchange rate registered a net change of 6.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.1524 was down 7.73% compared to the 2020 peak of 1.2490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,762 PGK
2020 Average 5,582 PGK
Yearly Trough Low 5,095 PGK
Transaction Impact: A difference of 666.92 PGK purely based on transaction execution date.

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1.1507
1.0193
JanuMarcMayJulySeptNove

GEL to PGK 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 1.0650, compared to 1.1313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0662 points.

H1 Avg (Jan–Jun) 1.0650
H2 Avg (Jul–Dec) 1.1313

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0690 PGK (High: 1.0880 / Low: 1.0190). On the other end, September was the most stable month, with a tight range of 0.0174 PGK (High: 1.1455 / Low: 1.1280).

May Spread (Volatile) Âą0.0690
September Spread (Stable) Âą0.0174

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0283 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.1397) against the same month in 2020 (average: 1.0675), the exchange rate shifted by +0.0723 (+6.77%).

2021 Avg (December) 1.1397
2020 Avg (December) 1.0675

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Month High Low Average
January 1.0895 1.0619 1.0696
February 1.0798 1.0583 1.0675
March 1.0696 1.0354 1.0586
April 1.0451 1.0200 1.0303
May 1.0880 1.0190 1.0466
June 1.1385 1.0794 1.1177
July 1.1501 1.1100 1.1256
August 1.1504 1.1272 1.1391
September 1.1455 1.1280 1.1337
October 1.1381 1.1176 1.1256
November 1.1432 1.1116 1.1238
December 1.1524 1.1264 1.1397