2024 GEL to KRW Historical Review

YEARLY HIGH

526.3629 KRW

YEARLY LOW

476.9609 KRW

YEARLY AVERAGE

501.7877 KRW

2024 GEL to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 526.3629. Conversely, the yearly low was recorded on January 1, dropping to 476.9609.

This high-to-low spread represents a total annual volatility of 49.4020 KRW. From a start-to-finish perspective, comparing the January average rate of 495.1503 to the December average rate of 511.9532, the exchange rate registered a net change of 3.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 526.3629 was down 2.58% compared to the 2023 peak of 540.2916, 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 2,631,815 KRW

2023 Average 2,490,676 KRW

Yearly Trough Low 2,384,804 KRW

Transaction Impact: A difference of 247,010.08 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

514.2560

488.0137

JanuMarcMayJulySeptNove

GEL to KRW 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 500.2121, compared to 503.3633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1512 points.

H1 Avg (Jan–Jun) 500.2121

H2 Avg (Jul–Dec) 503.3633

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 35.9760 KRW (High: 515.1438 / Low: 479.1678). On the other end, February was the most stable month, with a tight range of 7.6189 KRW (High: 506.5963 / Low: 498.9774).

May Spread (Volatile) ±35.9760

February Spread (Stable) ±7.6189

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 13.0841 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -13.0841

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 511.9532) against the same month in 2023 (average: 484.6003), the exchange rate shifted by +27.3528 (+5.64%).

2024 Avg (December) 511.9532

2023 Avg (December) 484.6003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	504.5725	476.9609	495.1503
February	506.5963	498.9774	502.3616
March	503.6075	490.1208	498.2067
April	523.2255	502.0261	512.0691
May	515.1438	479.1678	503.2847
June	502.4251	479.3899	490.2006
July	512.9148	493.7491	505.5670
August	511.2799	491.6053	500.8288
September	498.8274	481.4921	492.1998
October	510.5368	486.2807	499.3861
November	515.2743	496.1848	510.2451
December	526.3629	493.1704	511.9532