2021 GEL to BTN Historical Review

YEARLY HIGH

24.6643 BTN

YEARLY LOW

21.2855 BTN

YEARLY AVERAGE

22.9924 BTN

2021 GEL to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 24.6643. Conversely, the yearly low was recorded on May 9, dropping to 21.2855.

This high-to-low spread represents a total annual volatility of 3.3788 BTN. From a start-to-finish perspective, comparing the January average rate of 22.1351 to the December average rate of 24.3158, the exchange rate registered a net change of 9.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 24.6643 was down 7.23% compared to the 2020 peak of 26.5860, 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 123,322 BTN

2020 Average 119,207 BTN

Yearly Trough Low 106,428 BTN

Transaction Impact: A difference of 16,893.85 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

24.5836

21.3696

JanuMarcMayJulySeptNove

GEL to BTN 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 22.0873, compared to 23.8976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8103 points.

H1 Avg (Jan–Jun) 22.0873

H2 Avg (Jul–Dec) 23.8976

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 1.3088 BTN (High: 23.6777 / Low: 22.3689). On the other end, September was the most stable month, with a tight range of 0.3535 BTN (High: 23.8590 / Low: 23.5055).

June Spread (Volatile) ±1.3088

September Spread (Stable) ±0.3535

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 August and September, when the average rate fell by 0.2576 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2576

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 24.3158) against the same month in 2020 (average: 22.3508), the exchange rate shifted by +1.9649 (+8.79%).

2021 Avg (December) 24.3158

2020 Avg (December) 22.3508

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.3851	21.9635	22.1351
February	22.0722	21.6895	21.9302
March	22.0763	21.4973	21.7874
April	22.0124	21.3781	21.6375
May	22.3114	21.2855	21.7082
June	23.6777	22.3689	23.3254
July	24.2655	23.4717	23.8561
August	24.1868	23.4244	23.9191
September	23.8590	23.5055	23.6615
October	24.1259	23.7123	23.8962
November	24.1989	23.4222	23.7366
December	24.6643	23.9474	24.3158