2021 GEL to RSD Historical Review

YEARLY HIGH

33.9132 RSD

YEARLY LOW

28.1123 RSD

YEARLY AVERAGE

30.9638 RSD

2021 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 33.9132. Conversely, the yearly low was recorded on April 29, dropping to 28.1123.

This high-to-low spread represents a total annual volatility of 5.8009 RSD. From a start-to-finish perspective, comparing the January average rate of 29.3027 to the December average rate of 33.5855, the exchange rate registered a net change of 14.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 33.9132 was down 12.70% compared to the 2020 peak of 38.8489, 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 169,566 RSD

2020 Average 166,260 RSD

Yearly Trough Low 140,561 RSD

Transaction Impact: A difference of 29,004.59 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

34.0779

28.1698

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 29.4302, compared to 32.4974 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0673 points.

H1 Avg (Jan–Jun) 29.4302

H2 Avg (Jul–Dec) 32.4974

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 1.8998 RSD (High: 31.4171 / Low: 29.5173). On the other end, March was the most stable month, with a tight range of 0.4750 RSD (High: 29.7886 / Low: 29.3137).

June Spread (Volatile) ±1.8998

March Spread (Stable) ±0.4750

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 0.9514 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 33.5855) against the same month in 2020 (average: 29.3263), the exchange rate shifted by +4.2593 (+14.52%).

2021 Avg (December) 33.5855

2020 Avg (December) 29.3263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.5152	28.7900	29.3027
February	29.5806	29.0594	29.3462
March	29.7886	29.3137	29.6135
April	29.2962	28.1123	28.6621
May	29.6104	28.1277	28.7150
June	31.4171	29.5173	30.9415
July	32.3961	31.1399	31.8416
August	32.4045	31.9005	32.2147
September	32.6750	31.8668	32.1214
October	32.6344	32.0388	32.3351
November	33.7460	32.0775	32.8862
December	33.9132	33.2385	33.5855