2020 GEL to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GEL to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GEL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 446.6750. Conversely, the yearly low was recorded on March 25, dropping to 344.5975.
This high-to-low spread represents a total annual volatility of 102.0775 IQD. From a start-to-finish perspective, comparing the January average rate of 414.2339 to the December average rate of 383.0503, the exchange rate registered a net change of -7.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 446.6750 was down 1.37% compared to the 2019 peak of 452.8707, 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 2020.
GEL to IQD 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 394.4530, compared to 376.8161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.6369 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 88.6299 IQD (High: 446.6750 / Low: 358.0451). On the other end, August was the most stable month, with a tight range of 3.8440 IQD (High: 388.0850 / Low: 384.2410).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 23.2370 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 383.0503) against the same month in 2019 (average: 412.1062), the exchange rate shifted by -29.0559 (-7.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 419.5584 | 411.0535 | 414.2339 |
| February | 428.0576 | 411.7647 | 419.1570 |
| March | 430.4805 | 344.5975 | 397.4813 |
| April | 378.8628 | 363.1179 | 374.2442 |
| May | 374.8944 | 369.5652 | 371.6535 |
| June | 404.1491 | 373.7726 | 389.9480 |
| July | 390.2707 | 385.1133 | 387.8695 |
| August | 388.0850 | 384.2410 | 385.9929 |
| September | 388.2327 | 355.2239 | 375.2825 |
| October | 372.5481 | 363.8936 | 369.5524 |
| November | 367.2840 | 348.7632 | 359.1490 |
| December | 446.6750 | 358.0451 | 383.0503 |