2021 GEL to CVE Historical Review

YEARLY HIGH

31.8893 CVE

YEARLY LOW

26.4162 CVE

YEARLY AVERAGE

29.1439 CVE

2021 GEL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 31.8893. Conversely, the yearly low was recorded on May 1, dropping to 26.4162.

This high-to-low spread represents a total annual volatility of 5.4731 CVE. From a start-to-finish perspective, comparing the January average rate of 27.5427 to the December average rate of 31.6427, the exchange rate registered a net change of 14.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 31.8893 was down 61.74% compared to the 2020 peak of 83.3511, 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 159,446 CVE

2020 Average 157,222 CVE

Yearly Trough Low 132,081 CVE

Transaction Impact: A difference of 27,365.33 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

32.1097

26.5061

JanuMarcMayJulySeptNove

GEL to CVE 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 27.7109, compared to 30.5768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8659 points.

H1 Avg (Jan–Jun) 27.7109

H2 Avg (Jul–Dec) 30.5768

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 2.7546 CVE (High: 30.4769 / Low: 27.7224). On the other end, August was the most stable month, with a tight range of 0.4454 CVE (High: 30.4260 / Low: 29.9806).

June Spread (Volatile) ±2.7546

August Spread (Stable) ±0.4454

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 0.9290 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 31.6427) against the same month in 2020 (average: 27.5996), the exchange rate shifted by +4.0431 (+14.65%).

2021 Avg (December) 31.6427

2020 Avg (December) 27.5996

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.7273	27.2659	27.5427
February	27.8959	27.3981	27.6291
March	28.0746	27.5526	27.9021
April	27.5000	26.4162	26.9731
May	27.9356	26.4162	27.0473
June	30.4769	27.7224	29.1713
July	30.5429	29.5229	30.0116
August	30.4260	29.9806	30.2471
September	30.6913	29.9677	30.2128
October	30.6913	30.0635	30.4437
November	31.7926	30.1820	30.9031
December	31.8893	31.3301	31.6427