2022 GEL to BGN Historical Review

YEARLY HIGH

0.7352 BGN

YEARLY LOW

0.5210 BGN

YEARLY AVERAGE

0.6408 BGN

2022 GEL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GEL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.7352. Conversely, the yearly low was recorded on March 8, dropping to 0.5210.

This high-to-low spread represents a total annual volatility of 0.2142 BGN. From a start-to-finish perspective, comparing the January average rate of 0.5614 to the December average rate of 0.6909, the exchange rate registered a net change of 23.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.7352 was up 30.37% compared to the 2021 peak of 0.5639, 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 3,676 BGN

2021 Average 2,576 BGN

Yearly Trough Low 2,605 BGN

Transaction Impact: A difference of 1,070.85 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.7324

0.5344

JanuMarcMayJulySeptNove

GEL to BGN 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 0.5885, compared to 0.6931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1046 points.

H1 Avg (Jan–Jun) 0.5885

H2 Avg (Jul–Dec) 0.6931

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 0.0576 BGN (High: 0.7198 / Low: 0.6621). On the other end, December was the most stable month, with a tight range of 0.0213 BGN (High: 0.6981 / Low: 0.6767).

September Spread (Volatile) ±0.0576

December Spread (Stable) ±0.0213

Growth Streaks & Declines

Trends

Between 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 0.0238 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0238

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 0.7033) against the same month in 2021 (average: 0.5468), the exchange rate shifted by +0.1566 (+28.63%).

2022 Avg (November) 0.7033

2021 Avg (November) 0.5468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5761	0.5542	0.5614
February	0.5901	0.5478	0.5747
March	0.5686	0.5210	0.5509
April	0.6107	0.5721	0.5911
May	0.6433	0.6039	0.6234
June	0.6422	0.6109	0.6296
July	0.6942	0.6388	0.6568
August	0.7101	0.6734	0.6978
September	0.7198	0.6621	0.6942
October	0.7314	0.6976	0.7159
November	0.7352	0.6895	0.7033
December	0.6981	0.6767	0.6909