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2021 GEL to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GEL to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 754.3822. Conversely, the yearly low was recorded on April 24, dropping to 669.9642.
This high-to-low spread represents a total annual volatility of 84.4180 TZS. From a start-to-finish perspective, comparing the January average rate of 702.4248 to the December average rate of 743.3241, the exchange rate registered a net change of 5.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 754.3822 was down 9.20% compared to the 2020 peak of 830.8168, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
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GEL to TZS 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: JanâJun) was 699.2181, compared to 741.3357 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 42.1176 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 41.5629 TZS (High: 711.5860 / Low: 670.0231). On the other end, September was the most stable month, with a tight range of 8.2487 TZS (High: 747.7985 / Low: 739.5498).
Growth Streaks & Declines
TrendsBetween 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 20.0613 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2021: 747.9791) against the same month in 2020 (average: 751.3723), the exchange rate shifted by -3.3932 (-0.45%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 708.9994 | 699.6201 | 702.4248 |
| February | 704.0830 | 695.3194 | 699.8997 |
| March | 698.6595 | 680.0477 | 694.9711 |
| April | 681.8406 | 669.9642 | 674.9099 |
| May | 711.5860 | 670.0231 | 687.7626 |
| June | 746.7218 | 711.3786 | 735.3405 |
| July | 754.1640 | 732.6844 | 742.6354 |
| August | 754.3822 | 743.2221 | 747.9791 |
| September | 747.7985 | 739.5498 | 745.6343 |
| October | 741.1576 | 730.1587 | 734.7606 |
| November | 743.9561 | 727.6461 | 733.6810 |
| December | 751.5826 | 736.0000 | 743.3241 |