2020 TOP to GEL Historical Review

YEARLY HIGH

1.4791 GEL

YEARLY LOW

1.1819 GEL

YEARLY AVERAGE

1.3527 GEL

2020 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 1.4791. Conversely, the yearly low was recorded on March 16, dropping to 1.1819.

This high-to-low spread represents a total annual volatility of 0.2972 GEL. From a start-to-finish perspective, comparing the January average rate of 1.2530 to the December average rate of 1.4424, the exchange rate registered a net change of 15.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.4791 was up 14.17% compared to the 2019 peak of 1.2955, 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 7,395 GEL

2019 Average 6,147 GEL

Yearly Trough Low 5,910 GEL

Transaction Impact: A difference of 1,485.86 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.4639

1.2059

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 1.3099, compared to 1.3954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0855 points.

H1 Avg (Jan–Jun) 1.3099

H2 Avg (Jul–Dec) 1.3954

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2721 GEL (High: 1.4540 / Low: 1.1819). On the other end, January was the most stable month, with a tight range of 0.0114 GEL (High: 1.2590 / Low: 1.2476).

March Spread (Volatile) ±0.2721

January Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0423 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 1.4420) against the same month in 2019 (average: 1.2807), the exchange rate shifted by +0.1613 (+12.59%).

2020 Avg (November) 1.4420

2019 Avg (November) 1.2807

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2590	1.2476	1.2530
February	1.2476	1.1984	1.2274
March	1.4540	1.1819	1.2834
April	1.3987	1.3403	1.3627
May	1.3966	1.3796	1.3877
June	1.4075	1.3052	1.3454
July	1.3622	1.3363	1.3478
August	1.3636	1.3495	1.3554
September	1.4505	1.3531	1.3913
October	1.4187	1.3855	1.3937
November	1.4791	1.3928	1.4420
December	1.4565	1.4327	1.4424