2021 GEL to MKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GEL to MKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GEL to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 17.7734. Conversely, the yearly low was recorded on April 28, dropping to 14.6833.
This high-to-low spread represents a total annual volatility of 3.0901 MKD. From a start-to-finish perspective, comparing the January average rate of 15.3316 to the December average rate of 17.5954, the exchange rate registered a net change of 14.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 17.7734 was down 12.69% compared to the 2020 peak of 20.3559, 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 MKD 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 15.4151, compared to 17.0281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6130 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 0.9947 MKD (High: 16.4584 / Low: 15.4637). On the other end, August was the most stable month, with a tight range of 0.2382 MKD (High: 16.9793 / Low: 16.7412).
Growth Streaks & Declines
TrendsBetween 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 0.5270 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 17.5954) against the same month in 2020 (average: 15.3702), the exchange rate shifted by +2.2252 (+14.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.4720 | 15.0991 | 15.3316 |
| February | 15.5349 | 15.1718 | 15.3793 |
| March | 15.6242 | 15.3348 | 15.5270 |
| April | 15.3384 | 14.6833 | 15.0000 |
| May | 15.4902 | 14.7121 | 15.0378 |
| June | 16.4584 | 15.4637 | 16.2150 |
| July | 16.9989 | 16.3998 | 16.6871 |
| August | 16.9793 | 16.7412 | 16.8871 |
| September | 17.1070 | 16.6960 | 16.8236 |
| October | 17.1155 | 16.7433 | 16.9482 |
| November | 17.6877 | 16.7835 | 17.2270 |
| December | 17.7734 | 17.4234 | 17.5954 |