2021 GEL to AFN Historical Review

YEARLY HIGH

38.1042 AFN

YEARLY LOW

22.4133 AFN

YEARLY AVERAGE

26.0153 AFN

2021 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 38.1042. Conversely, the yearly low was recorded on April 30, dropping to 22.4133.

This high-to-low spread represents a total annual volatility of 15.6909 AFN. From a start-to-finish perspective, comparing the January average rate of 23.4098 to the December average rate of 32.9103, the exchange rate registered a net change of 40.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 38.1042 was up 37.66% compared to the 2020 peak of 27.6799, 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 190,521 AFN

2020 Average 123,745 AFN

Yearly Trough Low 112,066 AFN

Transaction Impact: A difference of 78,454.30 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

33.9389

21.5965

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 23.4344, compared to 28.5962 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.1617 points.

H1 Avg (Jan–Jun) 23.4344

H2 Avg (Jul–Dec) 28.5962

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 7.3983 AFN (High: 38.1042 / Low: 30.7059). On the other end, February was the most stable month, with a tight range of 0.3450 AFN (High: 23.5631 / Low: 23.2180).

December Spread (Volatile) ±7.3983

February Spread (Stable) ±0.3450

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.5928 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.5928

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 32.9103) against the same month in 2020 (average: 23.3962), the exchange rate shifted by +9.5142 (+40.67%).

2021 Avg (December) 32.9103

2020 Avg (December) 23.3962

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.7162	23.2881	23.4098
February	23.5631	23.2180	23.3313
March	23.4481	22.6540	23.2178
April	23.0564	22.4133	22.6251
May	24.0763	22.4542	23.0721
June	25.3589	24.0644	24.9504
July	26.1085	25.1027	25.6288
August	27.7660	25.7445	26.8116
September	28.5779	27.2058	27.8970
October	29.0304	28.4956	28.7545
November	31.0337	28.5778	29.5746
December	38.1042	30.7059	32.9103