2024 GEL to GNF Historical Review

YEARLY HIGH

3262.8089 GNF

YEARLY LOW

2992.5392 GNF

YEARLY AVERAGE

3169.6565 GNF

2024 GEL to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 3262.8089. Conversely, the yearly low was recorded on June 15, dropping to 2992.5392.

This high-to-low spread represents a total annual volatility of 270.2697 GNF. From a start-to-finish perspective, comparing the January average rate of 3212.5853 to the December average rate of 3066.6130, the exchange rate registered a net change of -4.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3262.8089 was down 6.32% compared to the 2023 peak of 3482.8974, 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 16,314,044 GNF

2023 Average 16,432,554 GNF

Yearly Trough Low 14,962,696 GNF

Transaction Impact: A difference of 1,351,348.30 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3262.1909

3034.0442

JanuMarcMayJulySeptNove

GEL to GNF 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 3184.0274, compared to 3155.2856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 28.7418 points.

H1 Avg (Jan–Jun) 3184.0274

H2 Avg (Jul–Dec) 3155.2856

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 189.2916 GNF (High: 3230.8316 / Low: 3041.5400). On the other end, February was the most stable month, with a tight range of 33.5914 GNF (High: 3262.8089 / Low: 3229.2175).

May Spread (Volatile) ±189.2916

February Spread (Stable) ±33.5914

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 118.0327 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -118.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3243.1787) against the same month in 2023 (average: 3271.4898), the exchange rate shifted by -28.3111 (-0.87%).

2024 Avg (February) 3243.1787

2023 Avg (February) 3271.4898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3248.0664	3186.6030	3212.5853
February	3262.8089	3229.2175	3243.1787
March	3245.2830	3166.8544	3213.1104
April	3231.6957	3188.5401	3211.1444
May	3230.8316	3041.5400	3171.0891
June	3103.4807	2992.5392	3053.0565
July	3192.4470	3071.4286	3148.4933
August	3218.5636	3163.5979	3196.6943
September	3225.6894	3156.0793	3197.3587
October	3183.4918	3141.5451	3167.1201
November	3187.0885	3058.8232	3155.4341
December	3090.7122	3005.9614	3066.6130