2021 BND to GEL Historical Review

YEARLY HIGH

2.6080 GEL

YEARLY LOW

2.2444 GEL

YEARLY AVERAGE

2.3958 GEL

2021 BND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 25, valuing the pair at 2.6080. Conversely, the yearly low was recorded on December 19, dropping to 2.2444.

This high-to-low spread represents a total annual volatility of 0.3636 GEL. From a start-to-finish perspective, comparing the January average rate of 2.4895 to the December average rate of 2.2718, the exchange rate registered a net change of -8.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.6080 was up 3.67% compared to the 2020 peak of 2.5156, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,040 GEL

2020 Average 11,294 GEL

Yearly Trough Low 11,222 GEL

Transaction Impact: A difference of 1,817.98 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.6024

2.2417

JanuMarcMayJulySeptNove

BND 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 2.4912, compared to 2.3003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1909 points.

H1 Avg (Jan–Jun) 2.4912

H2 Avg (Jul–Dec) 2.3003

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.1426 GEL (High: 2.6058 / Low: 2.4631). On the other end, September was the most stable month, with a tight range of 0.0402 GEL (High: 2.3242 / Low: 2.2840).

May Spread (Volatile) ±0.1426

September Spread (Stable) ±0.0402

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.1720 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1720

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 2.5723) against the same month in 2020 (average: 2.2347), the exchange rate shifted by +0.3376 (+15.11%).

2021 Avg (April) 2.5723

2020 Avg (April) 2.2347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5164	2.4700	2.4895
February	2.5299	2.4807	2.4965
March	2.5320	2.4648	2.4861
April	2.6080	2.5367	2.5723
May	2.6058	2.4631	2.5375
June	2.4643	2.3347	2.3655
July	2.3560	2.2514	2.3056
August	2.3182	2.2731	2.2884
September	2.3242	2.2840	2.3066
October	2.3400	2.2906	2.3194
November	2.3472	2.2588	2.3101
December	2.2934	2.2444	2.2718