2021 GEL to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GEL to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GEL to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 5.2328. Conversely, the yearly low was recorded on May 7, dropping to 4.0870.
This high-to-low spread represents a total annual volatility of 1.1458 ZAR. From a start-to-finish perspective, comparing the January average rate of 4.5769 to the December average rate of 5.1272, the exchange rate registered a net change of 12.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 5.2328 was down 14.19% compared to the 2020 peak of 6.0981, 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 ZAR 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 4.3847, compared to 4.8247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4401 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 0.5116 ZAR (High: 5.2328 / Low: 4.7211). On the other end, December was the most stable month, with a tight range of 0.1404 ZAR (High: 5.1860 / Low: 5.0456).
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 0.2919 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 4.9619) against the same month in 2020 (average: 4.6787), the exchange rate shifted by +0.2832 (+6.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6884 | 4.4635 | 4.5769 |
| February | 4.5505 | 4.3604 | 4.4566 |
| March | 4.6650 | 4.3727 | 4.4920 |
| April | 4.2914 | 4.1187 | 4.2000 |
| May | 4.2282 | 4.0870 | 4.1672 |
| June | 4.5348 | 4.1470 | 4.4154 |
| July | 4.8121 | 4.5121 | 4.6484 |
| August | 4.9268 | 4.6407 | 4.7711 |
| September | 4.8789 | 4.5485 | 4.6913 |
| October | 4.8404 | 4.6036 | 4.7486 |
| November | 5.2328 | 4.7211 | 4.9619 |
| December | 5.1860 | 5.0456 | 5.1272 |