2024 GEL to ILS Historical Review

YEARLY HIGH

1.4279 ILS

YEARLY LOW

1.2615 ILS

YEARLY AVERAGE

1.3622 ILS

2024 GEL to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 1.4279. Conversely, the yearly low was recorded on December 7, dropping to 1.2615.

This high-to-low spread represents a total annual volatility of 0.1665 ILS. From a start-to-finish perspective, comparing the January average rate of 1.3862 to the December average rate of 1.2875, the exchange rate registered a net change of -7.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.4279 was down 5.64% compared to the 2023 peak of 1.5132, 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 7,140 ILS

2023 Average 7,026 ILS

Yearly Trough Low 6,307 ILS

Transaction Impact: A difference of 832.30 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.4167

1.2757

JanuMarcMayJulySeptNove

GEL to ILS 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 1.3690, compared to 1.3555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 1.3690

H2 Avg (Jul–Dec) 1.3555

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1065 ILS (High: 1.4064 / Low: 1.3000). On the other end, February was the most stable month, with a tight range of 0.0447 ILS (High: 1.3926 / Low: 1.3479).

May Spread (Volatile) ±0.1065

February Spread (Stable) ±0.0447

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 November and December, when the average rate fell by 0.0733 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0733

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.4050) against the same month in 2023 (average: 1.4419), the exchange rate shifted by -0.0369 (-2.56%).

2024 Avg (April) 1.4050

2023 Avg (April) 1.4419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4198	1.3418	1.3862
February	1.3926	1.3479	1.3738
March	1.3868	1.3299	1.3583
April	1.4279	1.3646	1.4050
May	1.4064	1.3000	1.3661
June	1.3450	1.2891	1.3246
July	1.3851	1.3233	1.3431
August	1.4195	1.3462	1.3805
September	1.4098	1.3497	1.3805
October	1.3965	1.3485	1.3807
November	1.3808	1.2921	1.3608
December	1.3152	1.2615	1.2875