2022 GEL to RSD Historical Review

YEARLY HIGH

44.0756 RSD

YEARLY LOW

31.3407 RSD

YEARLY AVERAGE

38.4750 RSD

2022 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 44.0756. Conversely, the yearly low was recorded on March 8, dropping to 31.3407.

This high-to-low spread represents a total annual volatility of 12.7349 RSD. From a start-to-finish perspective, comparing the January average rate of 33.7404 to the December average rate of 41.4050, the exchange rate registered a net change of 22.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 44.0756 was up 29.97% compared to the 2021 peak of 33.9132, 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 220,378 RSD

2021 Average 154,875 RSD

Yearly Trough Low 156,703 RSD

Transaction Impact: A difference of 63,674.52 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

43.9109

32.1689

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 35.3821, compared to 41.5679 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.1858 points.

H1 Avg (Jan–Jun) 35.3821

H2 Avg (Jul–Dec) 41.5679

Volatility Range Comparison

Volatility

The most volatile month in 2022 was September, with a trading range of 3.3567 RSD (High: 43.1402 / Low: 39.7835). On the other end, January was the most stable month, with a tight range of 1.2992 RSD (High: 34.6261 / Low: 33.3269).

September Spread (Volatile) ±3.3567

January Spread (Stable) ±1.2992

Growth Streaks & Declines

Trends

Between 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 1.4166 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.4166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2022: 42.1715) against the same month in 2021 (average: 32.8862), the exchange rate shifted by +9.2853 (+28.23%).

2022 Avg (November) 42.1715

2021 Avg (November) 32.8862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.6261	33.3269	33.7404
February	35.5135	32.9077	34.5640
March	34.2413	31.3407	33.1474
April	36.7357	34.4491	35.5877
May	38.6713	36.2235	37.4456
June	38.5893	36.6485	37.8076
July	41.6353	38.2892	39.3906
August	42.5088	40.4363	41.8517
September	43.1402	39.7835	41.6563
October	43.8635	41.8238	42.9324
November	44.0756	41.3144	42.1715
December	41.8502	40.5339	41.4050