2024 GEL to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 28.2376. Conversely, the yearly low was recorded on December 3, dropping to 23.6265.
This high-to-low spread represents a total annual volatility of 4.6112 AFN. From a start-to-finish perspective, comparing the January average rate of 26.7390 to the December average rate of 24.6701, the exchange rate registered a net change of -7.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 28.2376 was down 22.54% compared to the 2023 peak of 36.4542, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 26.6039, compared to 25.3147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2892 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.8195 AFN (High: 27.0883 / Low: 25.2688). On the other end, August was the most stable month, with a tight range of 0.4828 AFN (High: 26.4568 / Low: 25.9740).
Growth Streaks & Declines
TrendsBetween June and August, 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 May and June, when the average rate fell by 1.4244 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 27.5852) against the same month in 2023 (average: 33.9259), the exchange rate shifted by -6.3407 (-18.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.7866 | 26.0223 | 26.7390 |
| February | 28.2376 | 27.1910 | 27.5852 |
| March | 27.5472 | 26.2727 | 26.9900 |
| April | 27.1475 | 26.5459 | 26.8322 |
| May | 27.0883 | 25.2688 | 26.4507 |
| June | 25.7160 | 24.3902 | 25.0263 |
| July | 26.2090 | 25.2902 | 25.8790 |
| August | 26.4568 | 25.9740 | 26.2627 |
| September | 26.3941 | 24.9028 | 25.7223 |
| October | 25.1940 | 23.9300 | 24.5989 |
| November | 25.1269 | 24.1338 | 24.7550 |
| December | 25.1729 | 23.6265 | 24.6701 |