2024 GEL to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 59.4514. Conversely, the yearly low was recorded on June 15, dropping to 54.0966.
This high-to-low spread represents a total annual volatility of 5.3548 JMD. From a start-to-finish perspective, comparing the January average rate of 57.9606 to the December average rate of 55.5773, the exchange rate registered a net change of -4.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 59.4514 was down 4.05% compared to the 2023 peak of 61.9633, 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 JMD 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 57.5982, compared to 57.5081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0901 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 3.7005 JMD (High: 58.9336 / Low: 55.2331). On the other end, October was the most stable month, with a tight range of 0.8500 JMD (High: 58.4201 / Low: 57.5701).
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 2.4362 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 58.9574) against the same month in 2023 (average: 58.3690), the exchange rate shifted by +0.5885 (+1.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 58.6051 | 57.2114 | 57.9606 |
| February | 59.4514 | 58.2664 | 58.9574 |
| March | 58.8380 | 56.6534 | 57.7984 |
| April | 58.4853 | 57.0534 | 57.9661 |
| May | 58.9336 | 55.2331 | 57.6714 |
| June | 56.1013 | 54.0966 | 55.2352 |
| July | 57.9420 | 55.5705 | 57.1871 |
| August | 58.6631 | 57.3171 | 58.1220 |
| September | 58.6539 | 57.4943 | 58.1191 |
| October | 58.4201 | 57.5701 | 58.0717 |
| November | 58.6569 | 55.9146 | 57.9713 |
| December | 55.9643 | 54.6688 | 55.5773 |