2024 GEL to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 46.2366. Conversely, the yearly low was recorded on June 15, dropping to 19.8807.
This high-to-low spread represents a total annual volatility of 26.3560 ETB. From a start-to-finish perspective, comparing the January average rate of 21.0900 to the December average rate of 44.9989, the exchange rate registered a net change of 113.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 46.2366 was up 110.79% compared to the 2023 peak of 21.9350, 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 ETB 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 21.0800, compared to 39.3648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 18.2848 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 12.7523 ETB (High: 41.8348 / Low: 29.0824). On the other end, April was the most stable month, with a tight range of 0.3830 ETB (High: 21.4751 / Low: 21.0921).
Growth Streaks & Declines
TrendsBetween June and December, 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 May and June, when the average rate fell by 0.7509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 44.8435) against the same month in 2023 (average: 20.6339), the exchange rate shifted by +24.2095 (+117.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.2907 | 20.7775 | 21.0900 |
| February | 21.5078 | 21.1138 | 21.3478 |
| March | 21.4340 | 20.8627 | 21.2127 |
| April | 21.4751 | 21.0921 | 21.2696 |
| May | 21.5544 | 20.3271 | 21.1553 |
| June | 20.7855 | 19.8807 | 20.4044 |
| July | 27.7808 | 20.4896 | 21.3057 |
| August | 41.8348 | 29.0824 | 38.1808 |
| September | 44.1068 | 41.0592 | 42.7244 |
| October | 44.8464 | 43.4366 | 44.1353 |
| November | 46.2366 | 43.8569 | 44.8435 |
| December | 45.6276 | 43.5847 | 44.9989 |