2024 GEL to HKD Historical Review

YEARLY HIGH

2.9681 HKD

YEARLY LOW

2.7119 HKD

YEARLY AVERAGE

2.8721 HKD

2024 GEL to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 2.9681. Conversely, the yearly low was recorded on December 3, dropping to 2.7119.

This high-to-low spread represents a total annual volatility of 0.2563 HKD. From a start-to-finish perspective, comparing the January average rate of 2.9216 to the December average rate of 2.7621, the exchange rate registered a net change of -5.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9681 was down 6.22% compared to the 2023 peak of 3.1650, 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 14,841 HKD

2023 Average 14,928 HKD

Yearly Trough Low 13,559 HKD

Transaction Impact: A difference of 1,281.36 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9675

2.7434

JanuMarcMayJulySeptNove

GEL to HKD 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 2.8961, compared to 2.8480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0481 points.

H1 Avg (Jan–Jun) 2.8961

H2 Avg (Jul–Dec) 2.8480

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1751 HKD (High: 2.9390 / Low: 2.7638). On the other end, August was the most stable month, with a tight range of 0.0271 HKD (High: 2.9077 / Low: 2.8807).

May Spread (Volatile) ±0.1751

August Spread (Stable) ±0.0271

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 0.1112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.9488) against the same month in 2023 (average: 2.9694), the exchange rate shifted by -0.0206 (-0.69%).

2024 Avg (February) 2.9488

2023 Avg (February) 2.9694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9462	2.9039	2.9216
February	2.9681	2.9344	2.9488
March	2.9543	2.8813	2.9253
April	2.9443	2.9037	2.9271
May	2.9390	2.7638	2.8825
June	2.8160	2.7214	2.7713
July	2.8914	2.7902	2.8562
August	2.9077	2.8807	2.8923
September	2.9055	2.8424	2.8831
October	2.8611	2.8294	2.8488
November	2.8626	2.7668	2.8457
December	2.7766	2.7119	2.7621