YEARLY HIGH
1.5305 GEL
YEARLY LOW
1.3461 GEL
YEARLY AVERAGE
1.4201 GEL

2021 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1.5305. Conversely, the yearly low was recorded on December 19, dropping to 1.3461.

This high-to-low spread represents a total annual volatility of 0.1844 GEL. From a start-to-finish perspective, comparing the January average rate of 1.4480 to the December average rate of 1.3555, the exchange rate registered a net change of -6.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.5305 was up 3.48% compared to the 2020 peak of 1.4791, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,652 GEL
2020 Average 6,765 GEL
Yearly Trough Low 6,730 GEL
Transaction Impact: A difference of 922.14 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.5244
1.3402
JanuMarcMayJulySeptNove

TOP 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 1.4623, compared to 1.3779 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0844 points.

H1 Avg (Jan–Jun) 1.4623
H2 Avg (Jul–Dec) 1.3779

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0803 GEL (High: 1.5305 / Low: 1.4502). On the other end, August was the most stable month, with a tight range of 0.0196 GEL (High: 1.3785 / Low: 1.3589).

May Spread (Volatile) ±0.0803
August Spread (Stable) ±0.0196

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0869 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0869

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.5090) against the same month in 2020 (average: 1.3627), the exchange rate shifted by +0.1464 (+10.74%).

2021 Avg (April) 1.5090
2020 Avg (April) 1.3627

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.4641 1.4363 1.4480
February 1.4675 1.4352 1.4439
March 1.4896 1.4446 1.4632
April 1.5305 1.4861 1.5090
May 1.5305 1.4502 1.4982
June 1.4697 1.3960 1.4113
July 1.4051 1.3590 1.3826
August 1.3785 1.3589 1.3697
September 1.3868 1.3663 1.3798
October 1.4104 1.3697 1.3906
November 1.4149 1.3579 1.3891
December 1.3679 1.3461 1.3555