2024 GEL to AUD Historical Review

YEARLY HIGH

0.5863 AUD

YEARLY LOW

0.5248 AUD

YEARLY AVERAGE

0.5581 AUD

2024 GEL to AUD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to AUD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.5863. Conversely, the yearly low was recorded on June 12, dropping to 0.5248.

This high-to-low spread represents a total annual volatility of 0.0615 AUD. From a start-to-finish perspective, comparing the January average rate of 0.5626 to the December average rate of 0.5619, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5863 was down 3.50% compared to the 2023 peak of 0.6076, 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 2,931 AUD

2023 Average 2,871 AUD

Yearly Trough Low 2,624 AUD

Transaction Impact: A difference of 307.55 AUD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5820

0.5299

JanuMarcMayJulySeptNove

GEL to AUD 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 0.5626, compared to 0.5535 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.5626

H2 Avg (Jul–Dec) 0.5535

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0441 AUD (High: 0.5725 / Low: 0.5283). On the other end, February was the most stable month, with a tight range of 0.0140 AUD (High: 0.5847 / Low: 0.5707).

May Spread (Volatile) ±0.0441

February Spread (Stable) ±0.0140

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0225 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0225

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.5745) against the same month in 2023 (average: 0.5933), the exchange rate shifted by -0.0188 (-3.17%).

2024 Avg (April) 0.5745

2023 Avg (April) 0.5933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5732	0.5470	0.5626
February	0.5847	0.5707	0.5776
March	0.5802	0.5592	0.5701
April	0.5863	0.5629	0.5745
May	0.5725	0.5283	0.5567
June	0.5420	0.5248	0.5342
July	0.5657	0.5309	0.5479
August	0.5695	0.5459	0.5576
September	0.5577	0.5288	0.5465
October	0.5585	0.5330	0.5469
November	0.5685	0.5463	0.5600
December	0.5751	0.5373	0.5619