2024 GEL to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 6.0575. Conversely, the yearly low was recorded on January 6, dropping to 4.4246.
This high-to-low spread represents a total annual volatility of 1.6329 GHS. From a start-to-finish perspective, comparing the January average rate of 4.5023 to the December average rate of 5.2524, the exchange rate registered a net change of 16.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 6.0575 was up 23.50% compared to the 2023 peak of 4.9047, 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 GHS 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 4.9401, compared to 5.7052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7651 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.6099 GHS (High: 6.0575 / Low: 5.4477). On the other end, September was the most stable month, with a tight range of 0.0995 GHS (High: 5.8623 / Low: 5.7628).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6143 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 5.8667) against the same month in 2023 (average: 4.4205), the exchange rate shifted by +1.4462 (+32.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6112 | 4.4246 | 4.5023 |
| February | 4.7745 | 4.6435 | 4.6979 |
| March | 4.9113 | 4.7767 | 4.8366 |
| April | 5.1071 | 4.9153 | 5.0242 |
| May | 5.4126 | 5.0453 | 5.2416 |
| June | 5.4657 | 5.1970 | 5.3379 |
| July | 5.7415 | 5.4643 | 5.6425 |
| August | 5.8287 | 5.7075 | 5.7874 |
| September | 5.8623 | 5.7628 | 5.8104 |
| October | 5.9650 | 5.7775 | 5.8716 |
| November | 6.0575 | 5.4477 | 5.8667 |
| December | 5.4555 | 5.2151 | 5.2524 |