2024 GEL to HRK Historical Review

YEARLY HIGH

2.6669 HRK

YEARLY LOW

2.4363 HRK

YEARLY AVERAGE

2.5636 HRK

2024 GEL to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.6669. Conversely, the yearly low was recorded on June 12, dropping to 2.4363.

This high-to-low spread represents a total annual volatility of 0.2306 HRK. From a start-to-finish perspective, comparing the January average rate of 2.5819 to the December average rate of 2.5568, the exchange rate registered a net change of -0.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6669 was down 3.66% compared to the 2023 peak of 2.7683, 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 13,335 HRK

2023 Average 13,282 HRK

Yearly Trough Low 12,181 HRK

Transaction Impact: A difference of 1,153.12 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6466

2.4699

JanuMarcMayJulySeptNove

GEL to HRK 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 2.5817, compared to 2.5454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0363 points.

H1 Avg (Jan–Jun) 2.5817

H2 Avg (Jul–Dec) 2.5454

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1813 HRK (High: 2.6306 / Low: 2.4493). On the other end, February was the most stable month, with a tight range of 0.0551 HRK (High: 2.6550 / Low: 2.5999).

May Spread (Volatile) ±0.1813

February Spread (Stable) ±0.0551

Growth Streaks & Declines

Trends

Between September and November, 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 0.0872 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.6273) against the same month in 2023 (average: 2.7267), the exchange rate shifted by -0.0994 (-3.65%).

2024 Avg (April) 2.6273

2023 Avg (April) 2.7267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6138	2.5425	2.5819
February	2.6550	2.5999	2.6319
March	2.6229	2.5421	2.5925
April	2.6669	2.5891	2.6273
May	2.6306	2.4493	2.5719
June	2.5391	2.4363	2.4846
July	2.5711	2.4917	2.5393
August	2.5773	2.4972	2.5360
September	2.5390	2.4710	2.5100
October	2.5658	2.4989	2.5357
November	2.6398	2.5326	2.5947
December	2.5973	2.4959	2.5568