2022 GEL to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GEL to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 34.2233. Conversely, the yearly low was recorded on March 8, dropping to 25.9549.
This high-to-low spread represents a total annual volatility of 8.2684 AFN. From a start-to-finish perspective, comparing the January average rate of 33.9654 to the December average rate of 32.6901, the exchange rate registered a net change of -3.75% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 34.2233 was down 10.18% compared to the 2021 peak of 38.1042, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 30.1974, compared to 31.6809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4835 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was February, with a trading range of 4.0859 AFN (High: 32.9530 / Low: 28.8671). On the other end, January was the most stable month, with a tight range of 0.7015 AFN (High: 34.2233 / Low: 33.5218).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 3.5931 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 33.9654) against the same month in 2021 (average: 23.4098), the exchange rate shifted by +10.5557 (+45.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.2233 | 33.5218 | 33.9654 |
| February | 32.9530 | 28.8671 | 31.1049 |
| March | 28.9461 | 25.9549 | 27.5118 |
| April | 28.8867 | 28.0328 | 28.5943 |
| May | 31.6434 | 28.1713 | 29.7157 |
| June | 31.0217 | 29.7715 | 30.2921 |
| July | 32.6919 | 29.7889 | 30.3569 |
| August | 33.5793 | 30.4309 | 32.2697 |
| September | 31.5615 | 29.0567 | 31.1421 |
| October | 31.8261 | 30.6889 | 31.3103 |
| November | 32.7527 | 32.0347 | 32.3162 |
| December | 33.1754 | 32.2629 | 32.6901 |