2024 GEL to BZD Historical Review

YEARLY HIGH

0.7650 BZD

YEARLY LOW

0.6991 BZD

YEARLY AVERAGE

0.7417 BZD

2024 GEL to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.7650. Conversely, the yearly low was recorded on December 3, dropping to 0.6991.

This high-to-low spread represents a total annual volatility of 0.0660 BZD. From a start-to-finish perspective, comparing the January average rate of 0.7533 to the December average rate of 0.7149, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7650 was down 5.85% compared to the 2023 peak of 0.8126, 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 3,825 BZD

2023 Average 3,841 BZD

Yearly Trough Low 3,495 BZD

Transaction Impact: A difference of 329.92 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7646

0.7104

JanuMarcMayJulySeptNove

GEL to BZD 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 0.7464, compared to 0.7370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.7464

H2 Avg (Jul–Dec) 0.7370

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0444 BZD (High: 0.7578 / Low: 0.7134). On the other end, October was the most stable month, with a tight range of 0.0087 BZD (High: 0.7426 / Low: 0.7339).

May Spread (Volatile) ±0.0444

October Spread (Stable) ±0.0087

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 0.0283 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.7601) against the same month in 2023 (average: 0.7629), the exchange rate shifted by -0.0028 (-0.37%).

2024 Avg (February) 0.7601

2023 Avg (February) 0.7629

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7597	0.7472	0.7533
February	0.7650	0.7550	0.7601
March	0.7609	0.7425	0.7532
April	0.7576	0.7476	0.7531
May	0.7578	0.7134	0.7435
June	0.7271	0.7007	0.7152
July	0.7467	0.7199	0.7369
August	0.7523	0.7385	0.7471
September	0.7525	0.7369	0.7460
October	0.7426	0.7339	0.7396
November	0.7452	0.7153	0.7374
December	0.7203	0.6991	0.7149