2024 GEL to DOP Historical Review

YEARLY HIGH

22.4241 DOP

YEARLY LOW

20.6392 DOP

YEARLY AVERAGE

21.8738 DOP

2024 GEL to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 22.4241. Conversely, the yearly low was recorded on June 15, dropping to 20.6392.

This high-to-low spread represents a total annual volatility of 1.7850 DOP. From a start-to-finish perspective, comparing the January average rate of 21.9023 to the December average rate of 21.5658, the exchange rate registered a net change of -1.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 22.4241 was up 2.06% compared to the 2023 peak of 21.9721, 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 112,121 DOP

2023 Average 106,722 DOP

Yearly Trough Low 103,196 DOP

Transaction Impact: A difference of 8,924.75 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.3232

20.9051

JanuMarcMayJulySeptNove

GEL to DOP 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 21.7963, compared to 21.9513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1550 points.

H1 Avg (Jan–Jun) 21.7963

H2 Avg (Jul–Dec) 21.9513

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.2043 DOP (High: 21.8865 / Low: 20.6821). On the other end, February was the most stable month, with a tight range of 0.2325 DOP (High: 22.2486 / Low: 22.0162).

May Spread (Volatile) ±1.2043

February Spread (Stable) ±0.2325

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5520 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5520

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 22.2051) against the same month in 2023 (average: 21.4478), the exchange rate shifted by +0.7572 (+3.53%).

2024 Avg (September) 22.2051

2023 Avg (September) 21.4478

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.2087	21.5718	21.9023
February	22.2486	22.0162	22.1295
March	22.3194	21.7565	22.0634
April	22.2795	21.7837	22.0841
May	21.8865	20.6821	21.5752
June	21.3156	20.6392	21.0232
July	21.9267	21.0998	21.6326
August	22.2962	21.7922	22.1100
September	22.4241	22.0025	22.2051
October	22.2243	21.9495	22.1215
November	22.2744	21.4291	22.0728
December	21.7476	21.0888	21.5658