2022 GEL to TOP Historical Review

YEARLY HIGH

0.8920 TOP

YEARLY LOW

0.6592 TOP

YEARLY AVERAGE

0.8026 TOP

2022 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.8920. Conversely, the yearly low was recorded on March 8, dropping to 0.6592.

This high-to-low spread represents a total annual volatility of 0.2328 TOP. From a start-to-finish perspective, comparing the January average rate of 0.7393 to the December average rate of 0.8771, the exchange rate registered a net change of 18.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.8920 was up 20.08% compared to the 2021 peak of 0.7429, 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 4,460 TOP

2021 Average 3,526 TOP

Yearly Trough Low 3,296 TOP

Transaction Impact: A difference of 1,164.05 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.8946

0.6844

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 0.7522, compared to 0.8530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1008 points.

H1 Avg (Jan–Jun) 0.7522

H2 Avg (Jul–Dec) 0.8530

Volatility Range Comparison

Volatility

The most volatile month in 2022 was March, with a trading range of 0.0654 TOP (High: 0.7247 / Low: 0.6592). On the other end, January was the most stable month, with a tight range of 0.0118 TOP (High: 0.7468 / Low: 0.7349).

March Spread (Volatile) ±0.0654

January Spread (Stable) ±0.0118

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 0.0540 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0540

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2022: 0.8767) against the same month in 2021 (average: 0.7192), the exchange rate shifted by +0.1575 (+21.91%).

2022 Avg (October) 0.8767

2021 Avg (October) 0.7192

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7468	0.7349	0.7393
February	0.7753	0.7128	0.7560
March	0.7247	0.6592	0.7020
April	0.7595	0.7250	0.7419
May	0.8139	0.7595	0.7827
June	0.8086	0.7667	0.7914
July	0.8452	0.7966	0.8044
August	0.8655	0.8137	0.8441
September	0.8604	0.7967	0.8387
October	0.8920	0.8592	0.8767
November	0.8896	0.8644	0.8770
December	0.8868	0.8671	0.8771