2024 GEL to CNY Historical Review

YEARLY HIGH

2.7318 CNY

YEARLY LOW

2.4775 CNY

YEARLY AVERAGE

2.6416 CNY

2024 GEL to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 2.7318. Conversely, the yearly low was recorded on June 16, dropping to 2.4775.

This high-to-low spread represents a total annual volatility of 0.2543 CNY. From a start-to-finish perspective, comparing the January average rate of 2.6577 to the December average rate of 2.5872, the exchange rate registered a net change of -2.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7318 was down 3.04% compared to the 2023 peak of 2.8175, 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 13,659 CNY

2023 Average 13,485 CNY

Yearly Trough Low 12,387 CNY

Transaction Impact: A difference of 1,271.54 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7160

2.5465

JanuMarcMayJulySeptNove

GEL to CNY 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 2.6591, compared to 2.6242 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0349 points.

H1 Avg (Jan–Jun) 2.6591

H2 Avg (Jul–Dec) 2.6242

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1666 CNY (High: 2.7114 / Low: 2.5448). On the other end, August was the most stable month, with a tight range of 0.0453 CNY (High: 2.6772 / Low: 2.6319).

May Spread (Volatile) ±0.1666

August Spread (Stable) ±0.0453

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0841 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0841

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.6985) against the same month in 2023 (average: 2.5899), the exchange rate shifted by +0.1087 (+4.20%).

2024 Avg (February) 2.6985

2023 Avg (February) 2.5899

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7095	2.6364	2.6577
February	2.7318	2.6645	2.6985
March	2.7169	2.6516	2.6909
April	2.7212	2.6523	2.7019
May	2.7114	2.5448	2.6447
June	2.6194	2.4775	2.5606
July	2.6856	2.5957	2.6539
August	2.6772	2.6319	2.6509
September	2.6474	2.5660	2.6179
October	2.6221	2.5574	2.5995
November	2.6549	2.5748	2.6356
December	2.6067	2.5383	2.5872