2024 GEL to BOB Historical Review

YEARLY HIGH

2.6227 BOB

YEARLY LOW

2.4018 BOB

YEARLY AVERAGE

2.5442 BOB

2024 GEL to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 2.6227. Conversely, the yearly low was recorded on June 15, dropping to 2.4018.

This high-to-low spread represents a total annual volatility of 0.2208 BOB. From a start-to-finish perspective, comparing the January average rate of 2.5823 to the December average rate of 2.4552, the exchange rate registered a net change of -4.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6227 was down 5.85% compared to the 2023 peak of 2.7856, 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 13,113 BOB

2023 Average 13,171 BOB

Yearly Trough Low 12,009 BOB

Transaction Impact: A difference of 1,104.09 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6215

2.4367

JanuMarcMayJulySeptNove

GEL to BOB 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 2.5601, compared to 2.5282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0319 points.

H1 Avg (Jan–Jun) 2.5601

H2 Avg (Jul–Dec) 2.5282

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1523 BOB (High: 2.5980 / Low: 2.4458). On the other end, February was the most stable month, with a tight range of 0.0344 BOB (High: 2.6227 / Low: 2.5883).

May Spread (Volatile) ±0.1523

February Spread (Stable) ±0.0344

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 0.0976 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0976

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.6061) against the same month in 2023 (average: 2.6152), the exchange rate shifted by -0.0091 (-0.35%).

2024 Avg (February) 2.6061

2023 Avg (February) 2.6152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6041	2.5616	2.5823
February	2.6227	2.5883	2.6061
March	2.6164	2.5455	2.5835
April	2.6070	2.5722	2.5869
May	2.5980	2.4458	2.5498
June	2.4928	2.4018	2.4521
July	2.5597	2.4678	2.5266
August	2.5789	2.5316	2.5615
September	2.5798	2.5330	2.5582
October	2.5549	2.5159	2.5370
November	2.5603	2.4524	2.5309
December	2.4707	2.4091	2.4552