2024 GEL to AZN Historical Review

YEARLY HIGH

0.6452 AZN

YEARLY LOW

0.5923 AZN

YEARLY AVERAGE

0.6257 AZN

2024 GEL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.6452. Conversely, the yearly low was recorded on December 3, dropping to 0.5923.

This high-to-low spread represents a total annual volatility of 0.0528 AZN. From a start-to-finish perspective, comparing the January average rate of 0.6355 to the December average rate of 0.6040, the exchange rate registered a net change of -4.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6452 was down 5.88% compared to the 2023 peak of 0.6855, 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 3,226 AZN

2023 Average 3,241 AZN

Yearly Trough Low 2,962 AZN

Transaction Impact: A difference of 264.13 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6447

0.5994

JanuMarcMayJulySeptNove

GEL to AZN 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 0.6297, compared to 0.6218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.6297

H2 Avg (Jul–Dec) 0.6218

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0373 AZN (High: 0.6391 / Low: 0.6018). On the other end, October was the most stable month, with a tight range of 0.0068 AZN (High: 0.6262 / Low: 0.6193).

May Spread (Volatile) ±0.0373

October Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between 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 0.0241 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.6409) against the same month in 2023 (average: 0.6433), the exchange rate shifted by -0.0024 (-0.37%).

2024 Avg (February) 0.6409

2023 Avg (February) 0.6433

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6403	0.6320	0.6355
February	0.6452	0.6379	0.6409
March	0.6415	0.6262	0.6358
April	0.6391	0.6308	0.6356
May	0.6391	0.6018	0.6273
June	0.6133	0.5923	0.6032
July	0.6296	0.6071	0.6217
August	0.6343	0.6273	0.6306
September	0.6337	0.6216	0.6291
October	0.6262	0.6193	0.6233
November	0.6262	0.6044	0.6218
December	0.6072	0.5923	0.6040