2024 BND to GEL Historical Review

YEARLY HIGH

2.1350 GEL

YEARLY LOW

1.9499 GEL

YEARLY AVERAGE

2.0344 GEL

2024 BND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 2.1350. Conversely, the yearly low was recorded on April 16, dropping to 1.9499.

This high-to-low spread represents a total annual volatility of 0.1851 GEL. From a start-to-finish perspective, comparing the January average rate of 2.0041 to the December average rate of 2.0849, the exchange rate registered a net change of 4.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1350 was up 4.72% compared to the 2023 peak of 2.0387, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,675 GEL

2023 Average 9,772 GEL

Yearly Trough Low 9,749 GEL

Transaction Impact: A difference of 925.59 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0961

1.9614

JanuMarcMayJulySeptNove

BND 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 2.0059, compared to 2.0629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0570 points.

H1 Avg (Jan–Jun) 2.0059

H2 Avg (Jul–Dec) 2.0629

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1315 GEL (High: 2.0916 / Low: 1.9601). On the other end, February was the most stable month, with a tight range of 0.0377 GEL (High: 1.9954 / Low: 1.9577).

May Spread (Volatile) ±0.1315

February Spread (Stable) ±0.0377

Growth Streaks & Declines

Trends

Between April and June, 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 June and July, when the average rate fell by 0.0535 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0535

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.0847) against the same month in 2023 (average: 1.9426), the exchange rate shifted by +0.1421 (+7.31%).

2024 Avg (September) 2.0847

2023 Avg (September) 1.9426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0294	1.9760	2.0041
February	1.9954	1.9577	1.9726
March	2.0230	1.9690	1.9952
April	1.9987	1.9499	1.9728
May	2.0916	1.9601	2.0061
June	2.1253	2.0493	2.0848
July	2.0722	2.0088	2.0313
August	2.0764	2.0227	2.0491
September	2.1350	2.0544	2.0847
October	2.1181	2.0552	2.0816
November	2.1034	2.0251	2.0462
December	2.1329	2.0584	2.0849