2021 GEL to BAM Historical Review

YEARLY HIGH

0.5640 BAM

YEARLY LOW

0.4675 BAM

YEARLY AVERAGE

0.5150 BAM

2021 GEL to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.5640. Conversely, the yearly low was recorded on April 29, dropping to 0.4675.

This high-to-low spread represents a total annual volatility of 0.0965 BAM. From a start-to-finish perspective, comparing the January average rate of 0.4865 to the December average rate of 0.5587, the exchange rate registered a net change of 14.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5640 was down 13.15% compared to the 2020 peak of 0.6494, 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 2,820 BAM

2020 Average 2,766 BAM

Yearly Trough Low 2,338 BAM

Transaction Impact: A difference of 482.49 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.5669

0.4687

JanuMarcMayJulySeptNove

GEL to BAM 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 0.4894, compared to 0.5405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0511 points.

H1 Avg (Jan–Jun) 0.4894

H2 Avg (Jul–Dec) 0.5405

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0316 BAM (High: 0.5225 / Low: 0.4909). On the other end, March was the most stable month, with a tight range of 0.0081 BAM (High: 0.4958 / Low: 0.4877).

June Spread (Volatile) ±0.0316

March Spread (Stable) ±0.0081

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 0.0158 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.5587) against the same month in 2020 (average: 0.4878), the exchange rate shifted by +0.0709 (+14.53%).

2021 Avg (December) 0.5587

2020 Avg (December) 0.4878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4913	0.4786	0.4865
February	0.4920	0.4835	0.4882
March	0.4958	0.4877	0.4927
April	0.4873	0.4675	0.4769
May	0.4925	0.4678	0.4776
June	0.5225	0.4909	0.5147
July	0.5390	0.5179	0.5296
August	0.5390	0.5306	0.5359
September	0.5435	0.5300	0.5343
October	0.5428	0.5329	0.5379
November	0.5607	0.5335	0.5468
December	0.5640	0.5526	0.5587