2024 GEL to COP Historical Review

YEARLY HIGH

1646.5747 COP

YEARLY LOW

1354.0632 COP

YEARLY AVERAGE

1497.9906 COP

2024 GEL to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 1646.5747. Conversely, the yearly low was recorded on May 15, dropping to 1354.0632.

This high-to-low spread represents a total annual volatility of 292.5115 COP. From a start-to-finish perspective, comparing the January average rate of 1465.0423 to the December average rate of 1560.3922, the exchange rate registered a net change of 6.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1646.5747 was down 12.78% compared to the 2023 peak of 1887.8552, 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 8,232,874 COP

2023 Average 8,246,242 COP

Yearly Trough Low 6,770,316 COP

Transaction Impact: A difference of 1,462,557.57 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1630.0170

1407.5718

JanuMarcMayJulySeptNove

GEL to COP 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 1452.1744, compared to 1543.8067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 91.6323 points.

H1 Avg (Jan–Jun) 1452.1744

H2 Avg (Jul–Dec) 1543.8067

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 127.8910 COP (High: 1504.0908 / Low: 1376.1998). On the other end, February was the most stable month, with a tight range of 35.7309 COP (High: 1495.9058 / Low: 1460.1749).

June Spread (Volatile) ±127.8910

February Spread (Stable) ±35.7309

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 51.0877 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -51.0877

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 1611.4799) against the same month in 2023 (average: 1491.8220), the exchange rate shifted by +119.6579 (+8.02%).

2024 Avg (November) 1611.4799

2023 Avg (November) 1491.8220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1494.3604	1445.8097	1465.0423
February	1495.9058	1460.1749	1480.9161
March	1487.8873	1418.4365	1457.6279
April	1479.5768	1404.0625	1444.7523
May	1468.3499	1354.0632	1426.1089
June	1504.0908	1376.1998	1438.5990
July	1504.0472	1451.2923	1476.9761
August	1536.3722	1478.5145	1504.6595
September	1593.6233	1516.8744	1548.2830
October	1607.3509	1510.4793	1561.0496
November	1646.5747	1555.6422	1611.4799
December	1577.1498	1532.5653	1560.3922