2024 GEL to BND Historical Review

YEARLY HIGH

0.5129 BND

YEARLY LOW

0.4684 BND

YEARLY AVERAGE

0.4918 BND

2024 GEL to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.5129. Conversely, the yearly low was recorded on September 30, dropping to 0.4684.

This high-to-low spread represents a total annual volatility of 0.0445 BND. From a start-to-finish perspective, comparing the January average rate of 0.4990 to the December average rate of 0.4797, the exchange rate registered a net change of -3.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5129 was down 4.49% compared to the 2023 peak of 0.5370, 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 2,564 BND

2023 Average 2,560 BND

Yearly Trough Low 2,342 BND

Transaction Impact: A difference of 222.34 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5097

0.4770

JanuMarcMayJulySeptNove

GEL to BND 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 0.4987, compared to 0.4848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0139 points.

H1 Avg (Jan–Jun) 0.4987

H2 Avg (Jul–Dec) 0.4848

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0321 BND (High: 0.5102 / Low: 0.4781). On the other end, February was the most stable month, with a tight range of 0.0096 BND (High: 0.5108 / Low: 0.5012).

May Spread (Volatile) ±0.0321

February Spread (Stable) ±0.0096

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 0.0189 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.5069) against the same month in 2023 (average: 0.5276), the exchange rate shifted by -0.0207 (-3.93%).

2024 Avg (April) 0.5069

2023 Avg (April) 0.5276

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5061	0.4928	0.4990
February	0.5108	0.5012	0.5069
March	0.5079	0.4943	0.5012
April	0.5129	0.5003	0.5069
May	0.5102	0.4781	0.4986
June	0.4880	0.4705	0.4797
July	0.4978	0.4826	0.4923
August	0.4944	0.4816	0.4880
September	0.4868	0.4684	0.4798
October	0.4866	0.4721	0.4804
November	0.4938	0.4754	0.4888
December	0.4858	0.4688	0.4797