2020 GEL to TOP Historical Review

YEARLY HIGH

0.8461 TOP

YEARLY LOW

0.6761 TOP

YEARLY AVERAGE

0.7415 TOP

2020 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 0.8461. Conversely, the yearly low was recorded on November 5, dropping to 0.6761.

This high-to-low spread represents a total annual volatility of 0.1700 TOP. From a start-to-finish perspective, comparing the January average rate of 0.7981 to the December average rate of 0.6933, the exchange rate registered a net change of -13.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.8461 was down 2.10% compared to the 2019 peak of 0.8642, 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 4,230 TOP

2019 Average 4,072 TOP

Yearly Trough Low 3,380 TOP

Transaction Impact: A difference of 849.95 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.8270

0.6812

JanuMarcMayJulySeptNove

GEL to TOP 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 0.7657, compared to 0.7172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0484 points.

H1 Avg (Jan–Jun) 0.7657

H2 Avg (Jul–Dec) 0.7172

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1583 TOP (High: 0.8461 / Low: 0.6878). On the other end, January was the most stable month, with a tight range of 0.0073 TOP (High: 0.8016 / Low: 0.7943).

March Spread (Volatile) ±0.1583

January Spread (Stable) ±0.0073

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 March and April, when the average rate fell by 0.0491 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.7831) against the same month in 2019 (average: 0.8436), the exchange rate shifted by -0.0605 (-7.18%).

2020 Avg (March) 0.7831

2019 Avg (March) 0.8436

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8016	0.7943	0.7981
February	0.8344	0.8016	0.8148
March	0.8461	0.6878	0.7831
April	0.7461	0.7150	0.7340
May	0.7248	0.7160	0.7206
June	0.7662	0.7105	0.7434
July	0.7483	0.7341	0.7420
August	0.7410	0.7334	0.7378
September	0.7390	0.6894	0.7192
October	0.7218	0.7049	0.7175
November	0.7180	0.6761	0.6936
December	0.6980	0.6866	0.6933