2020 GEL to RSD Historical Review

YEARLY HIGH

38.8489 RSD

YEARLY LOW

29.0545 RSD

YEARLY AVERAGE

33.2676 RSD

2020 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 38.8489. Conversely, the yearly low was recorded on December 17, dropping to 29.0545.

This high-to-low spread represents a total annual volatility of 9.7944 RSD. From a start-to-finish perspective, comparing the January average rate of 36.7942 to the December average rate of 29.3263, the exchange rate registered a net change of -20.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 38.8489 was down 2.29% compared to the 2019 peak of 39.7590, 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 194,245 RSD

2019 Average 187,116 RSD

Yearly Trough Low 145,273 RSD

Transaction Impact: A difference of 48,971.88 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

38.7464

28.4699

JanuMarcMayJulySeptNove

GEL to RSD 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 35.3311, compared to 31.2041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1270 points.

H1 Avg (Jan–Jun) 35.3311

H2 Avg (Jul–Dec) 31.2041

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 7.3741 RSD (High: 38.3799 / Low: 31.0058). On the other end, January was the most stable month, with a tight range of 0.4887 RSD (High: 37.0069 / Low: 36.5182).

March Spread (Volatile) ±7.3741

January Spread (Stable) ±0.4887

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.4354 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.4354

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 37.8900) against the same month in 2019 (average: 39.2640), the exchange rate shifted by -1.3739 (-3.50%).

2020 Avg (February) 37.8900

2019 Avg (February) 39.2640

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.0069	36.5182	36.7942
February	38.8489	36.7664	37.8900
March	38.3799	31.0058	35.4547
April	34.4363	32.6514	33.9966
May	33.9267	33.2222	33.6470
June	35.2847	32.8182	34.2039
July	34.2291	32.0097	33.4144
August	32.4781	31.8657	32.1683
September	32.3545	29.8925	31.4077
October	31.2726	30.5649	30.9887
November	31.1605	29.1053	29.9191
December	29.6037	29.0545	29.3263