2024 GEL to BAM Historical Review

YEARLY HIGH

0.6916 BAM

YEARLY LOW

0.6338 BAM

YEARLY AVERAGE

0.6652 BAM

2024 GEL to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.6916. Conversely, the yearly low was recorded on June 13, dropping to 0.6338.

This high-to-low spread represents a total annual volatility of 0.0578 BAM. From a start-to-finish perspective, comparing the January average rate of 0.6698 to the December average rate of 0.6631, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6916 was down 3.84% compared to the 2023 peak of 0.7192, 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 3,458 BAM

2023 Average 3,447 BAM

Yearly Trough Low 3,169 BAM

Transaction Impact: A difference of 288.90 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6867

0.6410

JanuMarcMayJulySeptNove

GEL to BAM 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 0.6699, compared to 0.6606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0093 points.

H1 Avg (Jan–Jun) 0.6699

H2 Avg (Jul–Dec) 0.6606

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0452 BAM (High: 0.6852 / Low: 0.6400). On the other end, February was the most stable month, with a tight range of 0.0143 BAM (High: 0.6887 / Low: 0.6744).

May Spread (Volatile) ±0.0452

February Spread (Stable) ±0.0143

Growth Streaks & Declines

Trends

Between September and November, 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 0.0231 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6811) against the same month in 2023 (average: 0.7069), the exchange rate shifted by -0.0258 (-3.64%).

2024 Avg (April) 0.6811

2023 Avg (April) 0.7069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6776	0.6595	0.6698
February	0.6887	0.6744	0.6828
March	0.6819	0.6615	0.6728
April	0.6916	0.6714	0.6811
May	0.6852	0.6400	0.6679
June	0.6576	0.6338	0.6448
July	0.6673	0.6459	0.6592
August	0.6686	0.6475	0.6591
September	0.6587	0.6389	0.6514
October	0.6659	0.6468	0.6581
November	0.6851	0.6557	0.6728
December	0.6712	0.6480	0.6631