2022 GEL to BWP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GEL to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GEL to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 4.9545. Conversely, the yearly low was recorded on March 8, dropping to 3.3896.
This high-to-low spread represents a total annual volatility of 1.5650 BWP. From a start-to-finish perspective, comparing the January average rate of 3.7715 to the December average rate of 4.8170, the exchange rate registered a net change of 27.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 4.9545 was up 29.48% compared to the 2021 peak of 3.8265, 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 BWP 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 3.8759, compared to 4.6541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7782 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was July, with a trading range of 0.3821 BWP (High: 4.5677 / Low: 4.1857). On the other end, January was the most stable month, with a tight range of 0.1066 BWP (High: 3.8400 / Low: 3.7334).
Growth Streaks & Declines
TrendsBetween March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2558 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2022: 4.8049) against the same month in 2021 (average: 3.6854), the exchange rate shifted by +1.1195 (+30.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8400 | 3.7334 | 3.7715 |
| February | 3.9475 | 3.6327 | 3.8473 |
| March | 3.6993 | 3.3896 | 3.5915 |
| April | 3.9782 | 3.6945 | 3.8244 |
| May | 4.2496 | 3.9759 | 4.0881 |
| June | 4.2276 | 3.9919 | 4.1323 |
| July | 4.5677 | 4.1857 | 4.3215 |
| August | 4.6597 | 4.4010 | 4.5658 |
| September | 4.7455 | 4.3834 | 4.5994 |
| October | 4.8968 | 4.6970 | 4.8158 |
| November | 4.9545 | 4.7186 | 4.8049 |
| December | 4.9173 | 4.7386 | 4.8170 |