2020 GEL to AFN Historical Review

YEARLY HIGH

27.6799 AFN

YEARLY LOW

22.2254 AFN

YEARLY AVERAGE

24.7550 AFN

2020 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 27.6799. Conversely, the yearly low was recorded on March 25, dropping to 22.2254.

This high-to-low spread represents a total annual volatility of 5.4544 AFN. From a start-to-finish perspective, comparing the January average rate of 26.8296 to the December average rate of 23.3962, the exchange rate registered a net change of -12.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 27.6799 was down 5.53% compared to the 2019 peak of 29.2996, 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 138,399 AFN

2019 Average 138,447 AFN

Yearly Trough Low 111,127 AFN

Transaction Impact: A difference of 27,272.09 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

27.4454

22.8156

JanuMarcMayJulySeptNove

GEL to AFN 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 25.4040, compared to 24.1061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2979 points.

H1 Avg (Jan–Jun) 25.4040

H2 Avg (Jul–Dec) 24.1061

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 5.1066 AFN (High: 27.3320 / Low: 22.2254). On the other end, August was the most stable month, with a tight range of 0.3653 AFN (High: 25.1805 / Low: 24.8151).

March Spread (Volatile) ±5.1066

August Spread (Stable) ±0.3653

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.6346 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.6346

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 27.0595) against the same month in 2019 (average: 28.2400), the exchange rate shifted by -1.1805 (-4.18%).

2020 Avg (February) 27.0595

2019 Avg (February) 28.2400

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.3085	26.3903	26.8296
February	27.6799	26.4360	27.0595
March	27.3320	22.2254	25.4249
April	24.3106	23.2097	23.9337
May	24.0816	23.6646	23.8773
June	26.2203	24.0674	25.2986
July	25.2864	24.8142	25.0824
August	25.1805	24.8151	24.9341
September	24.9919	22.9403	24.1900
October	23.9782	23.4351	23.8324
November	23.7143	22.4953	23.2014
December	23.5886	23.1429	23.3962