2024 GEL to GBP Historical Review

YEARLY HIGH

0.3034 GBP

YEARLY LOW

0.2732 GBP

YEARLY AVERAGE

0.2881 GBP

2024 GEL to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 0.3034. Conversely, the yearly low was recorded on June 12, dropping to 0.2732.

This high-to-low spread represents a total annual volatility of 0.0301 GBP. From a start-to-finish perspective, comparing the January average rate of 0.2941 to the December average rate of 0.2812, the exchange rate registered a net change of -4.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3034 was down 7.26% compared to the 2023 peak of 0.3271, 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 1,517 GBP

2023 Average 1,533 GBP

Yearly Trough Low 1,366 GBP

Transaction Impact: A difference of 150.61 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3008

0.2773

JanuMarcMayJulySeptNove

GEL to GBP 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 0.2928, compared to 0.2833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 0.2928

H2 Avg (Jul–Dec) 0.2833

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0206 GBP (High: 0.2996 / Low: 0.2790). On the other end, January was the most stable month, with a tight range of 0.0051 GBP (High: 0.2968 / Low: 0.2917).

May Spread (Volatile) ±0.0206

January Spread (Stable) ±0.0051

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 0.0128 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2988) against the same month in 2023 (average: 0.3187), the exchange rate shifted by -0.0199 (-6.24%).

2024 Avg (April) 0.2988

2023 Avg (April) 0.3187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2968	0.2917	0.2941
February	0.3015	0.2944	0.2985
March	0.2981	0.2883	0.2942
April	0.3034	0.2943	0.2988
May	0.2996	0.2790	0.2921
June	0.2850	0.2732	0.2793
July	0.2881	0.2797	0.2842
August	0.2922	0.2799	0.2866
September	0.2846	0.2733	0.2799
October	0.2837	0.2765	0.2811
November	0.2921	0.2792	0.2869
December	0.2853	0.2749	0.2812