2021 GEL to NOK Historical Review

YEARLY HIGH

2.9486 NOK

YEARLY LOW

2.3660 NOK

YEARLY AVERAGE

2.6779 NOK

2021 GEL to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 2.9486. Conversely, the yearly low was recorded on April 28, dropping to 2.3660.

This high-to-low spread represents a total annual volatility of 0.5826 NOK. From a start-to-finish perspective, comparing the January average rate of 2.5802 to the December average rate of 2.8971, the exchange rate registered a net change of 12.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.9486 was down 19.94% compared to the 2020 peak of 3.6828, 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 14,743 NOK

2020 Average 15,163 NOK

Yearly Trough Low 11,830 NOK

Transaction Impact: A difference of 2,913.21 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.9424

2.3993

JanuMarcMayJulySeptNove

GEL to NOK 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 2.5476, compared to 2.8082 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2607 points.

H1 Avg (Jan–Jun) 2.5476

H2 Avg (Jul–Dec) 2.8082

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.2663 NOK (High: 2.9275 / Low: 2.6612). On the other end, September was the most stable month, with a tight range of 0.0654 NOK (High: 2.8203 / Low: 2.7548).

November Spread (Volatile) ±0.2663

September Spread (Stable) ±0.0654

Growth Streaks & Declines

Trends

Between 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 0.1111 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 2.8971) against the same month in 2020 (average: 2.6420), the exchange rate shifted by +0.2551 (+9.65%).

2021 Avg (December) 2.8971

2020 Avg (December) 2.6420

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6280	2.5389	2.5802
February	2.6044	2.5183	2.5671
March	2.5960	2.5065	2.5556
April	2.4936	2.3660	2.4445
May	2.5678	2.3863	2.4638
June	2.7403	2.5463	2.6742
July	2.9233	2.7144	2.8110
August	2.9099	2.7848	2.8559
September	2.8203	2.7548	2.7874
October	2.7756	2.6453	2.7024
November	2.9275	2.6612	2.7956
December	2.9486	2.8316	2.8971