2024 ETB to GEL Historical Review

YEARLY HIGH

0.0503 GEL

YEARLY LOW

0.0216 GEL

YEARLY AVERAGE

0.0374 GEL

2024 ETB to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 0.0503. Conversely, the yearly low was recorded on November 27, dropping to 0.0216.

This high-to-low spread represents a total annual volatility of 0.0287 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0474 to the December average rate of 0.0222, the exchange rate registered a net change of -53.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0503 was down 0.14% compared to the 2023 peak of 0.0504, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252 GEL

2023 Average 240 GEL

Yearly Trough Low 108 GEL

Transaction Impact: A difference of 143.36 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0517

0.0195

JanuMarcMayJulySeptNove

ETB 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 0.0475, compared to 0.0274 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0201 points.

H1 Avg (Jan–Jun) 0.0475

H2 Avg (Jul–Dec) 0.0274

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0128 GEL (High: 0.0488 / Low: 0.0360). On the other end, October was the most stable month, with a tight range of 0.0007 GEL (High: 0.0230 / Low: 0.0223).

July Spread (Volatile) ±0.0128

October Spread (Stable) ±0.0007

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 July and August, when the average rate fell by 0.0205 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.0490) against the same month in 2023 (average: 0.0478), the exchange rate shifted by +0.0012 (+2.45%).

2024 Avg (June) 0.0490

2023 Avg (June) 0.0478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0481	0.0470	0.0474
February	0.0474	0.0465	0.0468
March	0.0479	0.0467	0.0471
April	0.0474	0.0466	0.0470
May	0.0492	0.0464	0.0473
June	0.0503	0.0481	0.0490
July	0.0488	0.0360	0.0471
August	0.0344	0.0239	0.0265
September	0.0244	0.0227	0.0234
October	0.0230	0.0223	0.0227
November	0.0228	0.0216	0.0223
December	0.0229	0.0219	0.0222