2024 GEL to EUR Historical Review

YEARLY HIGH

0.3540 EUR

YEARLY LOW

0.3234 EUR

YEARLY AVERAGE

0.3402 EUR

2024 GEL to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.3540. Conversely, the yearly low was recorded on June 12, dropping to 0.3234.

This high-to-low spread represents a total annual volatility of 0.0306 EUR. From a start-to-finish perspective, comparing the January average rate of 0.3426 to the December average rate of 0.3393, the exchange rate registered a net change of -0.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3540 was down 3.66% compared to the 2023 peak of 0.3674, 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 1,770 EUR

2023 Average 1,762 EUR

Yearly Trough Low 1,617 EUR

Transaction Impact: A difference of 152.94 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3512

0.3277

JanuMarcMayJulySeptNove

GEL to EUR 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 0.3426, compared to 0.3377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.3426

H2 Avg (Jul–Dec) 0.3377

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0239 EUR (High: 0.3490 / Low: 0.3251). On the other end, February was the most stable month, with a tight range of 0.0073 EUR (High: 0.3524 / Low: 0.3451).

May Spread (Volatile) ±0.0239

February Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between September and November, 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 0.0116 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0116

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.3486) against the same month in 2023 (average: 0.3610), the exchange rate shifted by -0.0123 (-3.41%).

2024 Avg (April) 0.3486

2023 Avg (April) 0.3610

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3469	0.3375	0.3426
February	0.3524	0.3451	0.3493
March	0.3481	0.3374	0.3439
April	0.3540	0.3436	0.3486
May	0.3490	0.3251	0.3413
June	0.3370	0.3234	0.3297
July	0.3413	0.3304	0.3369
August	0.3421	0.3312	0.3365
September	0.3370	0.3279	0.3331
October	0.3404	0.3317	0.3365
November	0.3505	0.3361	0.3442
December	0.3448	0.3315	0.3393