2024 GEL to BGN Historical Review

YEARLY HIGH

0.6921 BGN

YEARLY LOW

0.6320 BGN

YEARLY AVERAGE

0.6653 BGN

2024 GEL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.6921. Conversely, the yearly low was recorded on June 12, dropping to 0.6320.

This high-to-low spread represents a total annual volatility of 0.0601 BGN. From a start-to-finish perspective, comparing the January average rate of 0.6702 to the December average rate of 0.6635, the exchange rate registered a net change of -0.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6921 was down 3.68% compared to the 2023 peak of 0.7186, 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 3,461 BGN

2023 Average 3,447 BGN

Yearly Trough Low 3,160 BGN

Transaction Impact: A difference of 300.57 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6870

0.6410

JanuMarcMayJulySeptNove

GEL to BGN 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 0.6700, 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 0.0094 points.

H1 Avg (Jan–Jun) 0.6700

H2 Avg (Jul–Dec) 0.6606

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0487 BGN (High: 0.6852 / Low: 0.6365). On the other end, February was the most stable month, with a tight range of 0.0142 BGN (High: 0.6891 / Low: 0.6749).

May Spread (Volatile) ±0.0487

February Spread (Stable) ±0.0142

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 0.0228 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6817) against the same month in 2023 (average: 0.7069), the exchange rate shifted by -0.0252 (-3.56%).

2024 Avg (April) 0.6817

2023 Avg (April) 0.7069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6783	0.6598	0.6702
February	0.6891	0.6749	0.6832
March	0.6812	0.6615	0.6727
April	0.6921	0.6721	0.6817
May	0.6852	0.6365	0.6676
June	0.6592	0.6320	0.6448
July	0.6674	0.6459	0.6591
August	0.6689	0.6479	0.6582
September	0.6591	0.6416	0.6515
October	0.6658	0.6484	0.6582
November	0.6856	0.6572	0.6732
December	0.6727	0.6485	0.6635