2022 GEL to TRY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 GEL to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 7.0489. Conversely, the yearly low was recorded on March 8, dropping to 4.2081.
This high-to-low spread represents a total annual volatility of 2.8408 TRY. From a start-to-finish perspective, comparing the January average rate of 4.3961 to the December average rate of 6.9722, the exchange rate registered a net change of 58.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 7.0489 was up 30.46% compared to the 2021 peak of 5.4030, 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 2022.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.8879, compared to 6.5697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6819 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was May, with a trading range of 0.9136 TRY (High: 5.7626 / Low: 4.8491). On the other end, April was the most stable month, with a tight range of 0.1329 TRY (High: 4.8781 / Low: 4.7451).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 0.0659 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 6.9722) against the same month in 2021 (average: 4.3447), the exchange rate shifted by +2.6274 (+60.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.4903 | 4.2272 | 4.3961 |
| February | 4.7441 | 4.3608 | 4.5496 |
| March | 4.7211 | 4.2081 | 4.5323 |
| April | 4.8781 | 4.7451 | 4.8097 |
| May | 5.7626 | 4.8491 | 5.2666 |
| June | 6.0034 | 5.4711 | 5.7729 |
| July | 6.4917 | 5.6958 | 5.9719 |
| August | 6.6497 | 6.2792 | 6.5073 |
| September | 6.5494 | 6.1130 | 6.4414 |
| October | 6.7595 | 6.5494 | 6.6891 |
| November | 6.9295 | 6.7534 | 6.8367 |
| December | 7.0489 | 6.8884 | 6.9722 |