2024 GEL to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 26.3941. Conversely, the yearly low was recorded on June 16, dropping to 23.6063.
This high-to-low spread represents a total annual volatility of 2.7878 GMD. From a start-to-finish perspective, comparing the January average rate of 25.1516 to the December average rate of 25.5164, the exchange rate registered a net change of 1.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.3941 was up 4.44% compared to the 2023 peak of 25.2720, 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 GMD 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 25.0783, compared to 25.5670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4887 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.4970 GMD (High: 25.4793 / Low: 23.9823). On the other end, April was the most stable month, with a tight range of 0.3689 GMD (High: 25.5451 / Low: 25.1763).
Growth Streaks & Declines
TrendsBetween 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 0.9645 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 25.7442) against the same month in 2023 (average: 23.3541), the exchange rate shifted by +2.3901 (+10.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.3766 | 24.9814 | 25.1516 |
| February | 25.7116 | 25.2908 | 25.4864 |
| March | 25.6509 | 25.0184 | 25.4002 |
| April | 25.5451 | 25.1763 | 25.3780 |
| May | 25.4793 | 23.9823 | 25.0089 |
| June | 24.4528 | 23.6063 | 24.0444 |
| July | 25.5985 | 24.1964 | 24.8072 |
| August | 26.3451 | 25.4613 | 25.9064 |
| September | 26.3941 | 25.1376 | 25.7442 |
| October | 25.9191 | 24.8162 | 25.4031 |
| November | 26.3352 | 25.2445 | 26.0245 |
| December | 25.7143 | 24.7387 | 25.5164 |