2024 GEL to CVE Historical Review

YEARLY HIGH

38.9920 CVE

YEARLY LOW

35.8199 CVE

YEARLY AVERAGE

37.5414 CVE

2024 GEL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 38.9920. Conversely, the yearly low was recorded on June 10, dropping to 35.8199.

This high-to-low spread represents a total annual volatility of 3.1721 CVE. From a start-to-finish perspective, comparing the January average rate of 37.8030 to the December average rate of 37.3936, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.9920 was down 3.85% compared to the 2023 peak of 40.5534, 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 194,960 CVE

2023 Average 194,614 CVE

Yearly Trough Low 179,100 CVE

Transaction Impact: A difference of 15,860.52 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.7749

36.1741

JanuMarcMayJulySeptNove

GEL to CVE 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 37.8039, compared to 37.2789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5250 points.

H1 Avg (Jan–Jun) 37.8039

H2 Avg (Jul–Dec) 37.2789

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 2.7571 CVE (High: 38.8109 / Low: 36.0538). On the other end, February was the most stable month, with a tight range of 0.6647 CVE (High: 38.9031 / Low: 38.2383).

May Spread (Volatile) ±2.7571

February Spread (Stable) ±0.6647

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 May and June, when the average rate fell by 1.3115 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 38.3983) against the same month in 2023 (average: 39.9413), the exchange rate shifted by -1.5429 (-3.86%).

2024 Avg (April) 38.3983

2023 Avg (April) 39.9413

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.2674	37.1799	37.8030
February	38.9031	38.2383	38.5581
March	38.5849	37.2939	37.9710
April	38.9920	37.9222	38.3983
May	38.8109	36.0538	37.7023
June	37.1676	35.8199	36.3908
July	37.6232	36.4170	37.1924
August	37.9113	36.5532	37.2156
September	37.1956	36.1208	36.7771
October	37.5841	36.5087	37.1420
November	38.6571	37.0458	37.9529
December	37.8411	36.5558	37.3936