2021 GEL to TRY Historical Review

YEARLY HIGH

5.4030 TRY

YEARLY LOW

2.1038 TRY

YEARLY AVERAGE

2.7742 TRY

2021 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 5.4030. Conversely, the yearly low was recorded on February 20, dropping to 2.1038.

This high-to-low spread represents a total annual volatility of 3.2991 TRY. From a start-to-finish perspective, comparing the January average rate of 2.2406 to the December average rate of 4.3447, the exchange rate registered a net change of 93.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 5.4030 was up 108.04% compared to the 2020 peak of 2.5971, 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 27,015 TRY

2020 Average 11,262 TRY

Yearly Trough Low 10,519 TRY

Transaction Impact: A difference of 16,495.73 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

4.5648

1.9234

JanuMarcMayJulySeptNove

GEL to TRY 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 2.3833, compared to 3.1650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7816 points.

H1 Avg (Jan–Jun) 2.3833

H2 Avg (Jul–Dec) 3.1650

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.9249 TRY (High: 5.4030 / Low: 3.4781). On the other end, January was the most stable month, with a tight range of 0.0618 TRY (High: 2.2687 / Low: 2.2069).

December Spread (Volatile) ±1.9249

January Spread (Stable) ±0.0618

Growth Streaks & Declines

Trends

Between February and July, 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 January and February, when the average rate fell by 0.0970 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0970

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 4.3447) against the same month in 2020 (average: 2.3382), the exchange rate shifted by +2.0065 (+85.82%).

2021 Avg (December) 4.3447

2020 Avg (December) 2.3382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2687	2.2069	2.2406
February	2.2332	2.1038	2.1436
March	2.4458	2.1712	2.3063
April	2.4403	2.3388	2.3823
May	2.6315	2.3919	2.4884
June	2.8057	2.6365	2.7388
July	2.7850	2.7230	2.7536
August	2.7978	2.6729	2.7349
September	2.8695	2.6688	2.7583
October	3.0961	2.8227	2.9494
November	4.3290	3.0160	3.4489
December	5.4030	3.4781	4.3447