2024 GEL to BTN Historical Review

YEARLY HIGH

31.5046 BTN

YEARLY LOW

29.0392 BTN

YEARLY AVERAGE

30.7863 BTN

2024 GEL to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 31.5046. Conversely, the yearly low was recorded on June 15, dropping to 29.0392.

This high-to-low spread represents a total annual volatility of 2.4655 BTN. From a start-to-finish perspective, comparing the January average rate of 31.0608 to the December average rate of 30.1842, the exchange rate registered a net change of -2.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 31.5046 was down 4.60% compared to the 2023 peak of 33.0236, 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 157,523 BTN

2023 Average 157,374 BTN

Yearly Trough Low 145,196 BTN

Transaction Impact: A difference of 12,327.26 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.4539

29.4528

JanuMarcMayJulySeptNove

GEL to BTN 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 30.8173, compared to 30.7553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0620 points.

H1 Avg (Jan–Jun) 30.8173

H2 Avg (Jul–Dec) 30.7553

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.8975 BTN (High: 31.4039 / Low: 29.5065). On the other end, October was the most stable month, with a tight range of 0.3984 BTN (High: 30.9751 / Low: 30.5767).

May Spread (Volatile) ±1.8975

October Spread (Stable) ±0.3984

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 1.1388 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1388

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 31.2872) against the same month in 2023 (average: 31.2549), the exchange rate shifted by +0.0323 (+0.10%).

2024 Avg (February) 31.2872

2023 Avg (February) 31.2549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.3530	30.7872	31.0608
February	31.5046	31.1047	31.2872
March	31.2895	30.5814	31.0246
April	31.4189	30.9175	31.1534
May	31.4039	29.5065	30.7583
June	30.1726	29.0392	29.6196
July	31.0133	29.8072	30.5632
August	31.3372	30.6760	31.0933
September	31.2677	30.5485	31.0137
October	30.9751	30.5767	30.8277
November	31.1918	30.0179	30.8499
December	30.5915	29.5213	30.1842