2024 GEL to BHD Historical Review

YEARLY HIGH

0.1431 BHD

YEARLY LOW

0.1311 BHD

YEARLY AVERAGE

0.1387 BHD

2024 GEL to BHD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BHD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.1431. Conversely, the yearly low was recorded on June 15, dropping to 0.1311.

This high-to-low spread represents a total annual volatility of 0.0120 BHD. From a start-to-finish perspective, comparing the January average rate of 0.1409 to the December average rate of 0.1339, the exchange rate registered a net change of -4.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1431 was down 5.90% compared to the 2023 peak of 0.1520, 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 715 BHD

2023 Average 718 BHD

Yearly Trough Low 656 BHD

Transaction Impact: A difference of 59.81 BHD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1429

0.1329

JanuMarcMayJulySeptNove

GEL to BHD 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 0.1396, compared to 0.1378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1396

H2 Avg (Jul–Dec) 0.1378

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0083 BHD (High: 0.1417 / Low: 0.1334). On the other end, April was the most stable month, with a tight range of 0.0014 BHD (High: 0.1417 / Low: 0.1404).

May Spread (Volatile) ±0.0083

April Spread (Stable) ±0.0014

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 0.0053 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1421) against the same month in 2023 (average: 0.1425), the exchange rate shifted by -0.0004 (-0.31%).

2024 Avg (February) 0.1421

2023 Avg (February) 0.1425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1420	0.1397	0.1409
February	0.1431	0.1414	0.1421
March	0.1422	0.1388	0.1409
April	0.1417	0.1404	0.1409
May	0.1417	0.1334	0.1390
June	0.1360	0.1311	0.1337
July	0.1396	0.1346	0.1378
August	0.1407	0.1384	0.1397
September	0.1405	0.1378	0.1394
October	0.1388	0.1373	0.1382
November	0.1392	0.1340	0.1378
December	0.1347	0.1314	0.1339