2021 GEL to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GEL to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GEL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 2.0085. Conversely, the yearly low was recorded on April 25, dropping to 1.6715.
This high-to-low spread represents a total annual volatility of 0.3369 GHS. From a start-to-finish perspective, comparing the January average rate of 1.7722 to the December average rate of 1.9835, the exchange rate registered a net change of 11.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 2.0085 was up 0.36% compared to the 2020 peak of 2.0013, 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 2021.
GEL to GHS 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 1.7465, compared to 1.9429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1964 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 0.1043 GHS (High: 1.7762 / Low: 1.6720). On the other end, October was the most stable month, with a tight range of 0.0234 GHS (High: 1.9470 / Low: 1.9236).
Growth Streaks & Declines
TrendsBetween April and September, 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 March and April, when the average rate fell by 0.0394 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 1.9835) against the same month in 2020 (average: 1.7815), the exchange rate shifted by +0.2021 (+11.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.7984 | 1.7582 | 1.7722 |
| February | 1.7648 | 1.7241 | 1.7486 |
| March | 1.7289 | 1.6950 | 1.7214 |
| April | 1.6987 | 1.6715 | 1.6821 |
| May | 1.7762 | 1.6720 | 1.7120 |
| June | 1.8643 | 1.7762 | 1.8427 |
| July | 1.9437 | 1.8499 | 1.9013 |
| August | 1.9518 | 1.9196 | 1.9412 |
| September | 1.9525 | 1.9155 | 1.9413 |
| October | 1.9470 | 1.9236 | 1.9376 |
| November | 1.9847 | 1.9204 | 1.9525 |
| December | 2.0085 | 1.9586 | 1.9835 |