YEARLY HIGH
13762.2150 IRR
YEARLY LOW
12169.0751 IRR
YEARLY AVERAGE
13120.5477 IRR

2021 GEL to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 13762.2150. Conversely, the yearly low was recorded on May 2, dropping to 12169.0751.

This high-to-low spread represents a total annual volatility of 1593.1398 IRR. From a start-to-finish perspective, comparing the January average rate of 12748.8212 to the December average rate of 13646.0948, the exchange rate registered a net change of 7.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 13762.2150 was down 36.18% compared to the 2020 peak of 21564.1791, 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 68,811,075 IRR
2020 Average 67,915,001 IRR
Yearly Trough Low 60,845,376 IRR
Transaction Impact: A difference of 7,965,699.20 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

13784.8616
12119.6600
JanuMarcMayJulySeptNove

GEL to IRR 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 12695.1740, compared to 13545.9215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 850.7475 points.

H1 Avg (Jan–Jun) 12695.1740
H2 Avg (Jul–Dec) 13545.9215

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 757.3053 IRR (High: 12926.3804 / Low: 12169.0751). On the other end, September was the most stable month, with a tight range of 62.0694 IRR (High: 13619.3548 / Low: 13557.2854).

May Spread (Volatile) ±757.3053
September Spread (Stable) ±62.0694

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 362.4126 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -362.4126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 13646.0948) against the same month in 2020 (average: 12782.1036), the exchange rate shifted by +863.9912 (+6.76%).

2021 Avg (December) 13646.0948
2020 Avg (December) 12782.1036

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 12850.3456 12701.3575 12748.8212
February 12778.4522 12628.3303 12705.0051
March 12682.2289 12347.5073 12620.8395
April 12375.0991 12169.0751 12258.4268
May 12926.3804 12169.0751 12486.1637
June 13560.3865 12915.6442 13351.7878
July 13710.1916 13303.3175 13500.0864
August 13709.9212 13532.8526 13601.1461
September 13619.3548 13557.2854 13580.3158
October 13567.5322 13411.1111 13474.5364
November 13659.1276 13347.5513 13473.3495
December 13762.2150 13528.0000 13646.0948