2024 AFN to GEL Historical Review

YEARLY HIGH

0.0423 GEL

YEARLY LOW

0.0354 GEL

YEARLY AVERAGE

0.0386 GEL

2024 AFN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.0423. Conversely, the yearly low was recorded on February 3, dropping to 0.0354.

This high-to-low spread represents a total annual volatility of 0.0069 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0374 to the December average rate of 0.0406, the exchange rate registered a net change of 8.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0423 was up 7.93% compared to the 2023 peak of 0.0392, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 212 GEL

2023 Average 160 GEL

Yearly Trough Low 177 GEL

Transaction Impact: A difference of 34.56 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0411

0.0358

JanuMarcMayJulySeptNove

AFN 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 0.0376, compared to 0.0395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0376

H2 Avg (Jul–Dec) 0.0395

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0027 GEL (High: 0.0396 / Low: 0.0369). On the other end, August was the most stable month, with a tight range of 0.0007 GEL (High: 0.0385 / Low: 0.0378).

May Spread (Volatile) ±0.0027

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, when the average rate fell by 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0406) against the same month in 2023 (average: 0.0384), the exchange rate shifted by +0.0022 (+5.62%).

2024 Avg (December) 0.0406

2023 Avg (December) 0.0384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0384	0.0360	0.0374
February	0.0368	0.0354	0.0363
March	0.0381	0.0363	0.0371
April	0.0377	0.0368	0.0373
May	0.0396	0.0369	0.0378
June	0.0410	0.0389	0.0400
July	0.0395	0.0382	0.0386
August	0.0385	0.0378	0.0381
September	0.0402	0.0379	0.0389
October	0.0418	0.0397	0.0407
November	0.0414	0.0398	0.0404
December	0.0423	0.0397	0.0406