2024 BOB to GEL Historical Review

YEARLY HIGH

0.4163 GEL

YEARLY LOW

0.3813 GEL

YEARLY AVERAGE

0.3932 GEL

2024 BOB to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 0.4163. Conversely, the yearly low was recorded on February 18, dropping to 0.3813.

This high-to-low spread represents a total annual volatility of 0.0351 GEL. From a start-to-finish perspective, comparing the January average rate of 0.3873 to the December average rate of 0.4073, the exchange rate registered a net change of 5.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4163 was up 5.48% compared to the 2023 peak of 0.3947, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,082 GEL

2023 Average 1,899 GEL

Yearly Trough Low 1,906 GEL

Transaction Impact: A difference of 175.27 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4103

0.3813

JanuMarcMayJulySeptNove

BOB 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 0.3908, compared to 0.3956 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.3908

H2 Avg (Jul–Dec) 0.3956

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0240 GEL (High: 0.4089 / Low: 0.3849). On the other end, February was the most stable month, with a tight range of 0.0051 GEL (High: 0.3864 / Low: 0.3813).

May Spread (Volatile) ±0.0240

February Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between August and December, 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 0.0120 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0120

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.4079) against the same month in 2023 (average: 0.3780), the exchange rate shifted by +0.0299 (+7.91%).

2024 Avg (June) 0.4079

2023 Avg (June) 0.3780

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3904	0.3840	0.3873
February	0.3864	0.3813	0.3837
March	0.3928	0.3822	0.3871
April	0.3888	0.3836	0.3866
May	0.4089	0.3849	0.3923
June	0.4163	0.4011	0.4079
July	0.4052	0.3907	0.3958
August	0.3950	0.3878	0.3904
September	0.3948	0.3876	0.3909
October	0.3975	0.3914	0.3942
November	0.4078	0.3906	0.3951
December	0.4151	0.4047	0.4073