2024 GEL to CLP Historical Review

YEARLY HIGH

373.6223 CLP

YEARLY LOW

320.2203 CLP

YEARLY AVERAGE

347.4566 CLP

2024 GEL to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 373.6223. Conversely, the yearly low was recorded on June 13, dropping to 320.2203.

This high-to-low spread represents a total annual volatility of 53.4020 CLP. From a start-to-finish perspective, comparing the January average rate of 339.7206 to the December average rate of 349.5106, the exchange rate registered a net change of 2.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 373.6223 was up 5.84% compared to the 2023 peak of 353.0080, 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 1,868,111 CLP

2023 Average 1,600,938 CLP

Yearly Trough Low 1,601,102 CLP

Transaction Impact: A difference of 267,009.78 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

367.7221

326.0415

JanuMarcMayJulySeptNove

GEL to CLP 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 348.4892, compared to 346.4240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0652 points.

H1 Avg (Jan–Jun) 348.4892

H2 Avg (Jul–Dec) 346.4240

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 38.7274 CLP (High: 359.1841 / Low: 320.4566). On the other end, November was the most stable month, with a tight range of 13.8443 CLP (High: 360.1022 / Low: 346.2579).

May Spread (Volatile) ±38.7274

November Spread (Stable) ±13.8443

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 April and May, when the average rate fell by 19.1148 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -19.1148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 364.2487) against the same month in 2023 (average: 303.1139), the exchange rate shifted by +61.1349 (+20.17%).

2024 Avg (February) 364.2487

2023 Avg (February) 303.1139

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	347.7580	328.7591	339.7206
February	373.6223	350.6865	364.2487
March	373.6223	353.5205	361.6025
April	368.5940	351.0448	357.4817
May	359.1841	320.4566	338.3669
June	340.9393	320.2203	329.5149
July	352.4162	331.8278	341.8942
August	353.3881	335.8741	344.7022
September	352.4304	329.3970	342.7975
October	350.5368	331.8275	343.9537
November	360.1022	346.2579	355.6857
December	354.8339	339.0244	349.5106