2024 GEL to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 12, valuing the pair at 1065.4368. Conversely, the yearly low was recorded on June 15, dropping to 982.5067.
This high-to-low spread represents a total annual volatility of 82.9301 CDF. From a start-to-finish perspective, comparing the January average rate of 1017.3349 to the December average rate of 1014.1211, the exchange rate registered a net change of -0.32% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1065.4368 was up 2.50% compared to the 2023 peak of 1039.4767, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1028.9329, compared to 1043.0429 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.1100 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 59.3897 CDF (High: 1048.8887 / Low: 989.4990). On the other end, April was the most stable month, with a tight range of 16.2650 CDF (High: 1052.5328 / Low: 1036.2679).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 32.2327 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 1056.8077) against the same month in 2023 (average: 946.5396), the exchange rate shifted by +110.2681 (+11.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1033.1163 | 1000.0000 | 1017.3349 |
| February | 1047.2632 | 1029.2683 | 1039.1457 |
| March | 1046.9948 | 1023.1794 | 1037.3010 |
| April | 1052.5328 | 1036.2679 | 1043.4249 |
| May | 1048.8887 | 989.4990 | 1031.5524 |
| June | 1023.7678 | 982.5067 | 1004.8384 |
| July | 1051.7673 | 1014.9672 | 1040.0471 |
| August | 1065.4368 | 1042.2292 | 1056.8077 |
| September | 1065.2667 | 1041.0687 | 1053.9815 |
| October | 1057.0609 | 1038.3376 | 1046.9463 |
| November | 1056.9821 | 1014.2768 | 1046.3538 |
| December | 1023.5090 | 998.2286 | 1014.1211 |