2024 GEL to CAD Historical Review

YEARLY HIGH

0.5196 CAD

YEARLY LOW

0.4786 CAD

YEARLY AVERAGE

0.5043 CAD

2024 GEL to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.5196. Conversely, the yearly low was recorded on June 16, dropping to 0.4786.

This high-to-low spread represents a total annual volatility of 0.0410 CAD. From a start-to-finish perspective, comparing the January average rate of 0.5015 to the December average rate of 0.5068, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5196 was down 5.47% compared to the 2023 peak of 0.5497, 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 2,598 CAD

2023 Average 2,574 CAD

Yearly Trough Low 2,393 CAD

Transaction Impact: A difference of 205.09 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5140

0.4838

JanuMarcMayJulySeptNove

GEL to CAD 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 0.5031, compared to 0.5054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.5031

H2 Avg (Jul–Dec) 0.5054

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0330 CAD (High: 0.5144 / Low: 0.4813). On the other end, February was the most stable month, with a tight range of 0.0101 CAD (High: 0.5123 / Low: 0.5022).

May Spread (Volatile) ±0.0330

February Spread (Stable) ±0.0101

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 0.0181 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.5114) against the same month in 2023 (average: 0.5362), the exchange rate shifted by -0.0248 (-4.63%).

2024 Avg (April) 0.5114

2023 Avg (April) 0.5362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5079	0.4933	0.5015
February	0.5123	0.5022	0.5088
March	0.5129	0.4972	0.5063
April	0.5196	0.5037	0.5114
May	0.5144	0.4813	0.5044
June	0.4937	0.4786	0.4863
July	0.5122	0.4880	0.5016
August	0.5132	0.4990	0.5070
September	0.5073	0.4925	0.5013
October	0.5108	0.4952	0.5045
November	0.5161	0.4982	0.5114
December	0.5160	0.4901	0.5068