2024 GEL to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 67.5720. Conversely, the yearly low was recorded on June 14, dropping to 61.8467.
This high-to-low spread represents a total annual volatility of 5.7253 DJF. From a start-to-finish perspective, comparing the January average rate of 66.4981 to the December average rate of 63.1960, the exchange rate registered a net change of -4.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 67.5720 was down 5.73% compared to the 2023 peak of 71.6784, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to DJF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 65.8611, compared to 65.0347 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8263 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 3.8656 DJF (High: 66.7904 / Low: 62.9247). On the other end, February was the most stable month, with a tight range of 0.8043 DJF (High: 67.5720 / Low: 66.7677).
Growth Streaks & Declines
TrendsBetween 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 2.4777 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 67.0846) against the same month in 2023 (average: 67.3528), the exchange rate shifted by -0.2682 (-0.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 67.0291 | 65.9229 | 66.4981 |
| February | 67.5720 | 66.7677 | 67.0846 |
| March | 67.1456 | 65.4235 | 66.4649 |
| April | 66.8280 | 65.8859 | 66.4610 |
| May | 66.7904 | 62.9247 | 65.5678 |
| June | 64.0995 | 61.8467 | 63.0900 |
| July | 65.9637 | 63.3929 | 65.0339 |
| August | 66.4249 | 65.2379 | 65.8815 |
| September | 66.2919 | 64.9954 | 65.8378 |
| October | 65.6063 | 64.7586 | 65.2085 |
| November | 65.8360 | 63.1954 | 65.0508 |
| December | 63.6739 | 61.9381 | 63.1960 |