2024 GEL to JOD Historical Review

YEARLY HIGH

0.2691 JOD

YEARLY LOW

0.2470 JOD

YEARLY AVERAGE

0.2609 JOD

2024 GEL to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.2691. Conversely, the yearly low was recorded on June 16, dropping to 0.2470.

This high-to-low spread represents a total annual volatility of 0.0221 JOD. From a start-to-finish perspective, comparing the January average rate of 0.2652 to the December average rate of 0.2520, the exchange rate registered a net change of -4.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2691 was down 5.92% compared to the 2023 peak of 0.2860, 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 1,346 JOD

2023 Average 1,352 JOD

Yearly Trough Low 1,235 JOD

Transaction Impact: A difference of 110.52 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2689

0.2499

JanuMarcMayJulySeptNove

GEL to JOD 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 0.2626, compared to 0.2593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.2626

H2 Avg (Jul–Dec) 0.2593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0155 JOD (High: 0.2665 / Low: 0.2509). On the other end, October was the most stable month, with a tight range of 0.0029 JOD (High: 0.2611 / Low: 0.2582).

May Spread (Volatile) ±0.0155

October Spread (Stable) ±0.0029

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 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.2673) against the same month in 2023 (average: 0.2685), the exchange rate shifted by -0.0011 (-0.43%).

2024 Avg (February) 0.2673

2023 Avg (February) 0.2685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2672	0.2637	0.2652
February	0.2691	0.2661	0.2673
March	0.2675	0.2611	0.2651
April	0.2665	0.2630	0.2649
May	0.2665	0.2509	0.2616
June	0.2557	0.2470	0.2515
July	0.2625	0.2531	0.2592
August	0.2645	0.2615	0.2629
September	0.2642	0.2590	0.2622
October	0.2611	0.2582	0.2599
November	0.2612	0.2522	0.2594
December	0.2534	0.2471	0.2520