YEARLY HIGH
8.8961 UAH
YEARLY LOW
8.0206 UAH
YEARLY AVERAGE
8.4853 UAH

2021 GEL to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 8.8961. Conversely, the yearly low was recorded on April 30, dropping to 8.0206.

This high-to-low spread represents a total annual volatility of 0.8754 UAH. From a start-to-finish perspective, comparing the January average rate of 8.5432 to the December average rate of 8.7882, the exchange rate registered a net change of 2.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 8.8961 was down 6.74% compared to the 2020 peak of 9.5393, 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 44,480 UAH
2020 Average 43,332 UAH
Yearly Trough Low 40,103 UAH
Transaction Impact: A difference of 4,377.18 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

8.8546
8.0584
JanuMarcMayJulySeptNove

GEL to UAH 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 8.3709, compared to 8.5996 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2288 points.

H1 Avg (Jan–Jun) 8.3709
H2 Avg (Jul–Dec) 8.5996

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.5300 UAH (High: 8.7783 / Low: 8.2483). On the other end, September was the most stable month, with a tight range of 0.1418 UAH (High: 8.6933 / Low: 8.5515).

November Spread (Volatile) ±0.5300
September Spread (Stable) ±0.1418

Growth Streaks & Declines

Trends

Between April and July, 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 0.2057 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 8.7882) against the same month in 2020 (average: 8.5512), the exchange rate shifted by +0.2371 (+2.77%).

2021 Avg (December) 8.7882
2020 Avg (December) 8.5512

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.6808 8.4612 8.5432
February 8.4733 8.3156 8.4131
March 8.4124 8.1779 8.3305
April 8.2038 8.0206 8.1248
May 8.4525 8.0430 8.1836
June 8.7992 8.3893 8.6302
July 8.8365 8.6429 8.7108
August 8.7358 8.5574 8.6357
September 8.6933 8.5515 8.6001
October 8.5615 8.3369 8.4139
November 8.7783 8.2483 8.4492
December 8.8961 8.6749 8.7882