2021 GEL to IQD Historical Review

YEARLY HIGH

475.7601 IQD

YEARLY LOW

420.9325 IQD

YEARLY AVERAGE

454.4060 IQD

2021 GEL to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 475.7601. Conversely, the yearly low was recorded on May 8, dropping to 420.9325.

This high-to-low spread represents a total annual volatility of 54.8276 IQD. From a start-to-finish perspective, comparing the January average rate of 442.6964 to the December average rate of 471.4666, the exchange rate registered a net change of 6.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 475.7601 was up 6.51% compared to the 2020 peak of 446.6750, 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 2,378,801 IQD

2020 Average 1,927,857 IQD

Yearly Trough Low 2,104,663 IQD

Transaction Impact: A difference of 274,137.89 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

476.1137

420.3484

JanuMarcMayJulySeptNove

GEL to IQD 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 440.3985, compared to 468.4135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.0150 points.

H1 Avg (Jan–Jun) 440.3985

H2 Avg (Jul–Dec) 468.4135

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 27.0736 IQD (High: 448.0061 / Low: 420.9325). On the other end, September was the most stable month, with a tight range of 1.9767 IQD (High: 470.8937 / Low: 468.9170).

May Spread (Volatile) ±27.0736

September Spread (Stable) ±1.9767

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 12.8496 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -12.8496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 471.4666) against the same month in 2020 (average: 383.0503), the exchange rate shifted by +88.4163 (+23.08%).

2021 Avg (December) 471.4666

2020 Avg (December) 383.0503

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	447.5956	440.5690	442.6964
February	443.8543	437.4647	440.7905
March	440.5120	428.2613	437.8451
April	428.7993	421.5086	424.9955
May	448.0061	420.9325	433.1081
June	471.0145	447.7438	462.9556
July	474.4817	460.9673	467.3695
August	474.6207	467.5960	470.6955
September	470.8937	468.9170	469.7232
October	469.3264	463.2517	465.8877
November	471.3024	461.1013	465.3388
December	475.7601	467.0490	471.4666

2021 GEL నుండి IQD చారిత్రక సమీక్ష