YEARLY HIGH
42.3648 ISK
YEARLY LOW
35.4414 ISK
YEARLY AVERAGE
39.5297 ISK

2021 GEL to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GEL to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 42.3648. Conversely, the yearly low was recorded on April 28, dropping to 35.4414.

This high-to-low spread represents a total annual volatility of 6.9234 ISK. From a start-to-finish perspective, comparing the January average rate of 38.9199 to the December average rate of 42.0073, the exchange rate registered a net change of 7.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 42.3648 was down 13.25% compared to the 2020 peak of 48.8351, 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 211,824 ISK
2020 Average 217,642 ISK
Yearly Trough Low 177,207 ISK
Transaction Impact: A difference of 34,617.16 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

42.5529
36.0056
JanuMarcMayJulySeptNove

GEL to ISK 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 37.9529, compared to 41.1065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1536 points.

H1 Avg (Jan–Jun) 37.9529
H2 Avg (Jul–Dec) 41.1065

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 2.6076 ISK (High: 39.3652 / Low: 36.7577). On the other end, August was the most stable month, with a tight range of 0.9099 ISK (High: 41.1286 / Low: 40.2187).

June Spread (Volatile) ±2.6076
August Spread (Stable) ±0.9099

Growth Streaks & Declines

Trends

Between May and September, 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 1.4969 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.4969

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 42.0073) against the same month in 2020 (average: 38.6703), the exchange rate shifted by +3.3371 (+8.63%).

2021 Avg (December) 42.0073
2020 Avg (December) 38.6703

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 39.2970 38.2236 38.9199
February 39.3002 37.9188 38.7092
March 38.6159 37.1466 38.1612
April 37.4422 35.4414 36.6643
May 37.4879 35.9710 36.5512
June 39.3652 36.7577 38.7116
July 40.9173 39.2063 39.8409
August 41.1286 40.2187 40.6858
September 41.9807 40.7231 41.2342
October 41.6881 40.7079 41.2048
November 42.3217 40.9209 41.6659
December 42.3648 41.4432 42.0073