2021 GEL to AZN Historical Review

YEARLY HIGH

0.5537 AZN

YEARLY LOW

0.4916 AZN

YEARLY AVERAGE

0.5293 AZN

2021 GEL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.5537. Conversely, the yearly low was recorded on May 2, dropping to 0.4916.

This high-to-low spread represents a total annual volatility of 0.0622 AZN. From a start-to-finish perspective, comparing the January average rate of 0.5150 to the December average rate of 0.5491, the exchange rate registered a net change of 6.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5537 was down 9.58% compared to the 2020 peak of 0.6124, 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 2,769 AZN

2020 Average 2,742 AZN

Yearly Trough Low 2,458 AZN

Transaction Impact: A difference of 310.92 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5545

0.4898

JanuMarcMayJulySeptNove

GEL to AZN 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 0.5128, compared to 0.5458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0330 points.

H1 Avg (Jan–Jun) 0.5128

H2 Avg (Jul–Dec) 0.5458

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0302 AZN (High: 0.5217 / Low: 0.4916). On the other end, September was the most stable month, with a tight range of 0.0022 AZN (High: 0.5486 / Low: 0.5464).

May Spread (Volatile) ±0.0302

September Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0146 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.5491) against the same month in 2020 (average: 0.5168), the exchange rate shifted by +0.0323 (+6.24%).

2021 Avg (December) 0.5491

2020 Avg (December) 0.5168

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5190	0.5131	0.5150
February	0.5162	0.5101	0.5132
March	0.5123	0.4988	0.5098
April	0.4999	0.4916	0.4952
May	0.5217	0.4916	0.5044
June	0.5478	0.5217	0.5393
July	0.5532	0.5374	0.5449
August	0.5533	0.5451	0.5485
September	0.5486	0.5464	0.5473
October	0.5469	0.5399	0.5429
November	0.5495	0.5374	0.5423
December	0.5537	0.5443	0.5491