YEARLY HIGH
0.2447 GEL
YEARLY LOW
0.1909 GEL
YEARLY AVERAGE
0.2182 GEL

2021 SZL to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 0.2447. Conversely, the yearly low was recorded on December 15, dropping to 0.1909.

This high-to-low spread represents a total annual volatility of 0.0537 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2188 to the December average rate of 0.1951, the exchange rate registered a net change of -10.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2447 was up 8.57% compared to the 2020 peak of 0.2254, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,223 GEL
2020 Average 951 GEL
Yearly Trough Low 955 GEL
Transaction Impact: A difference of 268.74 GEL purely based on transaction execution date.

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0.2443
0.1906
JanuMarcMayJulySeptNove

SZL 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 0.2285, compared to 0.2078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0207 points.

H1 Avg (Jan–Jun) 0.2285
H2 Avg (Jul–Dec) 0.2078

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0190 GEL (High: 0.2108 / Low: 0.1919). On the other end, December was the most stable month, with a tight range of 0.0073 GEL (High: 0.1983 / Low: 0.1909).

November Spread (Volatile) Âą0.0190
December Spread (Stable) Âą0.0073

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0121 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.2398) against the same month in 2020 (average: 0.1763), the exchange rate shifted by +0.0635 (+36.03%).

2021 Avg (May) 0.2398
2020 Avg (May) 0.1763

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Month High Low Average
January 0.2256 0.2139 0.2188
February 0.2287 0.2201 0.2244
March 0.2280 0.2144 0.2227
April 0.2425 0.2323 0.2379
May 0.2447 0.2358 0.2398
June 0.2378 0.2203 0.2277
July 0.2232 0.2073 0.2156
August 0.2146 0.2031 0.2094
September 0.2209 0.2050 0.2138
October 0.2170 0.2056 0.2107
November 0.2108 0.1919 0.2025
December 0.1983 0.1909 0.1951