2024 GEL to BDT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to BDT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 44.6141. Conversely, the yearly low was recorded on March 19, dropping to 40.4259.
This high-to-low spread represents a total annual volatility of 4.1883 BDT. From a start-to-finish perspective, comparing the January average rate of 41.0144 to the December average rate of 42.4480, the exchange rate registered a net change of 3.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 44.6141 was up 3.00% compared to the 2023 peak of 43.3166, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to BDT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 41.4208, compared to 43.5075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0867 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 2.8259 BDT (High: 43.8163 / Low: 40.9904). On the other end, October was the most stable month, with a tight range of 0.5198 BDT (High: 44.0268 / Low: 43.5070).
Growth Streaks & Declines
TrendsBetween June and September, 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 November and December, when the average rate fell by 1.2684 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 44.2272) against the same month in 2023 (average: 41.4865), the exchange rate shifted by +2.7406 (+6.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.3626 | 40.6833 | 41.0144 |
| February | 41.6533 | 41.1085 | 41.3838 |
| March | 41.4305 | 40.4259 | 41.0128 |
| April | 41.2570 | 40.7066 | 41.0088 |
| May | 43.8163 | 40.9904 | 42.4188 |
| June | 42.3862 | 40.8494 | 41.6860 |
| July | 43.5244 | 41.9631 | 42.9633 |
| August | 44.4645 | 43.0462 | 43.8450 |
| September | 44.6141 | 43.6752 | 44.2272 |
| October | 44.0268 | 43.5070 | 43.8451 |
| November | 44.1787 | 42.4080 | 43.7164 |
| December | 42.7381 | 41.6658 | 42.4480 |