2022 MAD to GEL Historical Review

YEARLY HIGH

0.3452 GEL

YEARLY LOW

0.2475 GEL

YEARLY AVERAGE

0.2885 GEL

2022 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.3452. Conversely, the yearly low was recorded on November 3, dropping to 0.2475.

This high-to-low spread represents a total annual volatility of 0.0977 GEL. From a start-to-finish perspective, comparing the January average rate of 0.3313 to the December average rate of 0.2544, the exchange rate registered a net change of -23.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.3452 was down 11.23% compared to the 2021 peak of 0.3889, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 1,726 GEL

2021 Average 1,790 GEL

Yearly Trough Low 1,237 GEL

Transaction Impact: A difference of 488.63 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.3394

0.2445

JanuMarcMayJulySeptNove

MAD to GEL 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 0.3142, compared to 0.2628 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0514 points.

H1 Avg (Jan–Jun) 0.3142

H2 Avg (Jul–Dec) 0.2628

Volatility Range Comparison

Volatility

The most volatile month in 2022 was July, with a trading range of 0.0259 GEL (High: 0.2936 / Low: 0.2676). On the other end, December was the most stable month, with a tight range of 0.0068 GEL (High: 0.2587 / Low: 0.2519).

July Spread (Volatile) ±0.0259

December Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0199 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2022: 0.3315) against the same month in 2021 (average: 0.3705), the exchange rate shifted by -0.0389 (-10.51%).

2022 Avg (March) 0.3315

2021 Avg (March) 0.3705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3348	0.3226	0.3313
February	0.3355	0.3121	0.3196
March	0.3452	0.3213	0.3315
April	0.3196	0.3051	0.3116
May	0.3056	0.2864	0.2968
June	0.3046	0.2885	0.2943
July	0.2936	0.2676	0.2857
August	0.2747	0.2616	0.2662
September	0.2793	0.2548	0.2647
October	0.2579	0.2494	0.2535
November	0.2552	0.2475	0.2524
December	0.2587	0.2519	0.2544