2024 GEL to BBD Historical Review

YEARLY HIGH

0.7590 BBD

YEARLY LOW

0.6969 BBD

YEARLY AVERAGE

0.7361 BBD

2024 GEL to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.7590. Conversely, the yearly low was recorded on December 3, dropping to 0.6969.

This high-to-low spread represents a total annual volatility of 0.0621 BBD. From a start-to-finish perspective, comparing the January average rate of 0.7475 to the December average rate of 0.7106, the exchange rate registered a net change of -4.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7590 was down 5.88% compared to the 2023 peak of 0.8065, 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 3,795 BBD

2023 Average 3,813 BBD

Yearly Trough Low 3,484 BBD

Transaction Impact: A difference of 310.75 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7584

0.7052

JanuMarcMayJulySeptNove

GEL to BBD 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 0.7408, compared to 0.7315 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) 0.7408

H2 Avg (Jul–Dec) 0.7315

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0439 BBD (High: 0.7519 / Low: 0.7080). On the other end, October was the most stable month, with a tight range of 0.0081 BBD (High: 0.7366 / Low: 0.7286).

May Spread (Volatile) ±0.0439

October Spread (Stable) ±0.0081

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 0.0284 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.7540) against the same month in 2023 (average: 0.7568), the exchange rate shifted by -0.0028 (-0.37%).

2024 Avg (February) 0.7540

2023 Avg (February) 0.7568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7533	0.7435	0.7475
February	0.7590	0.7505	0.7540
March	0.7547	0.7366	0.7478
April	0.7519	0.7421	0.7476
May	0.7519	0.7080	0.7380
June	0.7216	0.6969	0.7097
July	0.7407	0.7143	0.7314
August	0.7463	0.7380	0.7419
September	0.7456	0.7313	0.7401
October	0.7366	0.7286	0.7333
November	0.7366	0.7111	0.7315
December	0.7143	0.6969	0.7106