2021 GEL to ISK Historical Review

YEARLY HIGH

42.3648 ISK

YEARLY LOW

35.4414 ISK

YEARLY AVERAGE

39.5297 ISK

2021 GEL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 42.3648. Conversely, the yearly low was recorded on April 28, dropping to 35.4414.

This high-to-low spread represents a total annual volatility of 6.9234 ISK. From a start-to-finish perspective, comparing the January average rate of 38.9199 to the December average rate of 42.0073, the exchange rate registered a net change of 7.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 42.3648 was down 13.25% compared to the 2020 peak of 48.8351, 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 211,824 ISK

2020 Average 217,642 ISK

Yearly Trough Low 177,207 ISK

Transaction Impact: A difference of 34,617.16 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

42.5529

36.0056

JanuMarcMayJulySeptNove

GEL to ISK 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 37.9529, compared to 41.1065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1536 points.

H1 Avg (Jan–Jun) 37.9529

H2 Avg (Jul–Dec) 41.1065

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 2.6076 ISK (High: 39.3652 / Low: 36.7577). On the other end, August was the most stable month, with a tight range of 0.9099 ISK (High: 41.1286 / Low: 40.2187).

June Spread (Volatile) ±2.6076

August Spread (Stable) ±0.9099

Growth Streaks & Declines

Trends

Between May and September, 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 1.4969 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.4969

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 42.0073) against the same month in 2020 (average: 38.6703), the exchange rate shifted by +3.3371 (+8.63%).

2021 Avg (December) 42.0073

2020 Avg (December) 38.6703

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.2970	38.2236	38.9199
February	39.3002	37.9188	38.7092
March	38.6159	37.1466	38.1612
April	37.4422	35.4414	36.6643
May	37.4879	35.9710	36.5512
June	39.3652	36.7577	38.7116
July	40.9173	39.2063	39.8409
August	41.1286	40.2187	40.6858
September	41.9807	40.7231	41.2342
October	41.6881	40.7079	41.2048
November	42.3217	40.9209	41.6659
December	42.3648	41.4432	42.0073