2021 GEL to NPR Historical Review

YEARLY HIGH

39.4625 NPR

YEARLY LOW

34.0569 NPR

YEARLY AVERAGE

36.7877 NPR

2021 GEL to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 39.4625. Conversely, the yearly low was recorded on May 9, dropping to 34.0569.

This high-to-low spread represents a total annual volatility of 5.4056 NPR. From a start-to-finish perspective, comparing the January average rate of 35.4169 to the December average rate of 38.9175, the exchange rate registered a net change of 9.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 39.4625 was down 7.23% compared to the 2020 peak of 42.5398, 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 197,313 NPR

2020 Average 190,732 NPR

Yearly Trough Low 170,284 NPR

Transaction Impact: A difference of 27,028.19 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

39.3474

34.1896

JanuMarcMayJulySeptNove

GEL to NPR 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 35.3397, compared to 38.2356 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8959 points.

H1 Avg (Jan–Jun) 35.3397

H2 Avg (Jul–Dec) 38.2356

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 2.0940 NPR (High: 37.8843 / Low: 35.7903). On the other end, September was the most stable month, with a tight range of 0.5657 NPR (High: 38.1745 / Low: 37.6088).

June Spread (Volatile) ±2.0940

September Spread (Stable) ±0.5657

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 August and September, when the average rate fell by 0.3988 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3988

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 38.9175) against the same month in 2020 (average: 35.7614), the exchange rate shifted by +3.1561 (+8.83%).

2021 Avg (December) 38.9175

2020 Avg (December) 35.7614

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.8160	35.1417	35.4169
February	35.3155	34.7032	35.0882
March	35.3215	34.3956	34.8599
April	35.2199	34.2108	34.6194
May	35.6976	34.0569	34.7332
June	37.8843	35.7903	37.3207
July	38.8247	37.5551	38.1696
August	38.6989	37.4769	38.2550
September	38.1745	37.6088	37.8562
October	38.6014	37.9396	38.2341
November	38.7184	37.4757	37.9813
December	39.4625	38.3157	38.9175