2024 GEL to BIF Historical Review

YEARLY HIGH

1086.4693 BIF

YEARLY LOW

999.1039 BIF

YEARLY AVERAGE

1061.5295 BIF

2024 GEL to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 1086.4693. Conversely, the yearly low was recorded on June 15, dropping to 999.1039.

This high-to-low spread represents a total annual volatility of 87.3654 BIF. From a start-to-finish perspective, comparing the January average rate of 1066.5256 to the December average rate of 1047.3802, the exchange rate registered a net change of -1.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1086.4693 was down 2.14% compared to the 2023 peak of 1110.2362, 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 5,432,346 BIF

2023 Average 4,852,059 BIF

Yearly Trough Low 4,995,519 BIF

Transaction Impact: A difference of 436,827.07 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1083.9147

1014.8476

JanuMarcMayJulySeptNove

GEL to BIF 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 1060.8453, compared to 1062.2137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3684 points.

H1 Avg (Jan–Jun) 1060.8453

H2 Avg (Jul–Dec) 1062.2137

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 61.7423 BIF (High: 1077.9150 / Low: 1016.1727). On the other end, February was the most stable month, with a tight range of 12.7430 BIF (High: 1084.5295 / Low: 1071.7865).

May Spread (Volatile) ±61.7423

February Spread (Stable) ±12.7430

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 38.4206 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -38.4206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 1068.4609) against the same month in 2023 (average: 1051.0453), the exchange rate shifted by +17.4155 (+1.66%).

2024 Avg (November) 1068.4609

2023 Avg (November) 1051.0453

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1077.2128	1056.2770	1066.5256
February	1084.5295	1071.7865	1078.1591
March	1081.8868	1054.7183	1069.6865
April	1078.0159	1061.9302	1071.0734
May	1077.9150	1016.1727	1059.0238
June	1037.2384	999.1039	1020.6032
July	1067.2020	1027.5221	1052.8511
August	1075.6179	1057.3044	1068.5500
September	1080.9869	1059.1728	1070.8796
October	1082.8437	1057.1311	1065.1602
November	1086.4693	1048.4732	1068.4609
December	1057.3703	1019.3662	1047.3802