2022 GEL to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GEL to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GEL to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 5.8208. Conversely, the yearly low was recorded on March 8, dropping to 4.4848.
This high-to-low spread represents a total annual volatility of 1.3360 MVR. From a start-to-finish perspective, comparing the January average rate of 5.0191 to the December average rate of 5.7459, the exchange rate registered a net change of 14.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 5.8208 was up 15.66% compared to the 2021 peak of 5.0326, 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 2022.
GEL to MVR 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 5.0767, compared to 5.5359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4593 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 0.4911 MVR (High: 4.9758 / Low: 4.4848). On the other end, January was the most stable month, with a tight range of 0.0981 MVR (High: 5.0739 / Low: 4.9758).
Growth Streaks & Declines
TrendsBetween March and August, 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 February and March, when the average rate fell by 0.3623 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 5.7459) against the same month in 2021 (average: 4.9853), the exchange rate shifted by +0.7606 (+15.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0739 | 4.9758 | 5.0191 |
| February | 5.2855 | 4.8738 | 5.1515 |
| March | 4.9758 | 4.4848 | 4.7892 |
| April | 5.0990 | 4.9871 | 5.0503 |
| May | 5.4349 | 5.0739 | 5.2056 |
| June | 5.4408 | 5.1398 | 5.2443 |
| July | 5.5515 | 5.2205 | 5.2708 |
| August | 5.6858 | 5.3022 | 5.5461 |
| September | 5.5000 | 5.1850 | 5.4335 |
| October | 5.6218 | 5.4690 | 5.5577 |
| November | 5.7356 | 5.6073 | 5.6616 |
| December | 5.8208 | 5.6470 | 5.7459 |