2021 GEL to SZL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GEL to SZL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GEL to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 5.2375. Conversely, the yearly low was recorded on May 12, dropping to 4.0870.
This high-to-low spread represents a total annual volatility of 1.1505 SZL. From a start-to-finish perspective, comparing the January average rate of 4.5705 to the December average rate of 5.1260, the exchange rate registered a net change of 12.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 5.2375 was down 13.14% compared to the 2020 peak of 6.0297, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
GEL to SZL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.3816, compared to 4.8186 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4370 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.4690 SZL (High: 5.2122 / Low: 4.7433). On the other end, May was the most stable month, with a tight range of 0.1548 SZL (High: 4.2417 / Low: 4.0870).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2866 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 5.1260) against the same month in 2020 (average: 4.5234), the exchange rate shifted by +0.6026 (+13.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6746 | 4.4327 | 4.5705 |
| February | 4.5434 | 4.3728 | 4.4573 |
| March | 4.6635 | 4.3857 | 4.4918 |
| April | 4.3051 | 4.1244 | 4.2052 |
| May | 4.2417 | 4.0870 | 4.1709 |
| June | 4.5400 | 4.2053 | 4.3940 |
| July | 4.8231 | 4.4803 | 4.6417 |
| August | 4.9228 | 4.6590 | 4.7759 |
| September | 4.8792 | 4.5279 | 4.6792 |
| October | 4.8650 | 4.6093 | 4.7462 |
| November | 5.2122 | 4.7433 | 4.9429 |
| December | 5.2375 | 5.0440 | 5.1260 |