2024 GEL to ARS Historical Review

YEARLY HIGH

369.3389 ARS

YEARLY LOW

301.0119 ARS

YEARLY AVERAGE

336.5205 ARS

2024 GEL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 29, valuing the pair at 369.3389. Conversely, the yearly low was recorded on January 7, dropping to 301.0119.

This high-to-low spread represents a total annual volatility of 68.3270 ARS. From a start-to-finish perspective, comparing the January average rate of 305.6311 to the December average rate of 362.3818, the exchange rate registered a net change of 18.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 369.3389 was up 22.31% compared to the 2023 peak of 301.9811, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,846,694 ARS

2023 Average 561,912 ARS

Yearly Trough Low 1,505,060 ARS

Transaction Impact: A difference of 341,634.85 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

371.4911

299.6439

JanuMarcMayJulySeptNove

GEL to ARS 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 318.3026, compared to 354.7383 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 36.4357 points.

H1 Avg (Jan–Jun) 318.3026

H2 Avg (Jul–Dec) 354.7383

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 18.1223 ARS (High: 344.3465 / Low: 326.2242). On the other end, September was the most stable month, with a tight range of 5.5284 ARS (High: 358.9019 / Low: 353.3735).

July Spread (Volatile) ±18.1223

September Spread (Stable) ±5.5284

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 6.1291 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -6.1291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 365.5038) against the same month in 2023 (average: 130.7459), the exchange rate shifted by +234.7579 (+179.55%).

2024 Avg (November) 365.5038

2023 Avg (November) 130.7459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	309.5842	301.0119	305.6311
February	317.8595	310.1630	314.4723
March	320.8505	314.2795	318.0098
April	327.8876	319.3708	324.3667
May	331.5620	313.5355	326.7325
June	326.7172	314.2956	320.6035
July	344.3465	326.2242	337.2145
August	353.1115	341.6991	348.9251
September	358.9019	353.3735	355.3393
October	363.0565	355.1034	359.0655
November	369.3389	359.2254	365.5038
December	367.9303	352.5177	362.3818