2024 GEL to CRC Historical Review

YEARLY HIGH

197.6045 CRC

YEARLY LOW

176.8997 CRC

YEARLY AVERAGE

189.7527 CRC

2024 GEL to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on August 12, valuing the pair at 197.6045. Conversely, the yearly low was recorded on December 3, dropping to 176.8997.

This high-to-low spread represents a total annual volatility of 20.7048 CRC. From a start-to-finish perspective, comparing the January average rate of 193.2274 to the December average rate of 179.7302, the exchange rate registered a net change of -6.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 197.6045 was down 10.33% compared to the 2023 peak of 220.3718, 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 988,023 CRC

2023 Average 1,032,502 CRC

Yearly Trough Low 884,499 CRC

Transaction Impact: A difference of 103,523.87 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

196.1129

178.2408

JanuMarcMayJulySeptNove

GEL to CRC 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 190.3040, compared to 189.2015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1025 points.

H1 Avg (Jan–Jun) 190.3040

H2 Avg (Jul–Dec) 189.2015

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 11.0190 CRC (High: 192.3590 / Low: 181.3400). On the other end, February was the most stable month, with a tight range of 3.8946 CRC (High: 195.9948 / Low: 192.1002).

May Spread (Volatile) ±11.0190

February Spread (Stable) ±3.8946

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 November and December, when the average rate fell by 7.0089 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 194.6236) against the same month in 2023 (average: 205.7315), the exchange rate shifted by -11.1080 (-5.40%).

2024 Avg (August) 194.6236

2023 Avg (August) 205.7315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	194.6503	190.2396	193.2274
February	195.9948	192.1002	194.4389
March	194.0610	185.5476	190.1507
April	190.2812	185.8693	188.4047
May	192.3590	181.3400	189.1499
June	190.3827	183.2569	186.4524
July	195.8592	187.4058	192.5914
August	197.6045	191.4799	194.6236
September	195.4820	189.9949	192.2260
October	190.7878	186.5666	189.2985
November	189.1119	180.3564	186.7391
December	181.4065	176.8997	179.7302