2024 GEL to LBP Historical Review

YEARLY HIGH

33872.6415 LBP

YEARLY LOW

5571.7198 LBP

YEARLY AVERAGE

28943.0683 LBP

2024 GEL to LBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 33872.6415. Conversely, the yearly low was recorded on January 7, dropping to 5571.7198.

This high-to-low spread represents a total annual volatility of 28300.9217 LBP. From a start-to-finish perspective, comparing the January average rate of 5617.9183 to the December average rate of 31808.5337, the exchange rate registered a net change of 466.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 33872.6415 was up 451.96% compared to the 2023 peak of 6136.8209, 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 169,363,208 LBP

2023 Average 26,214,290 LBP

Yearly Trough Low 27,858,599 LBP

Transaction Impact: A difference of 141,504,608.33 LBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

36267.3461

2831.6067

JanuMarcMayJulySeptNove

GEL to LBP 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 25131.7193, compared to 32754.4173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7622.6979 points.

H1 Avg (Jan–Jun) 25131.7193

H2 Avg (Jul–Dec) 32754.4173

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 28192.7168 LBP (High: 33830.1887 / Low: 5637.4719). On the other end, January was the most stable month, with a tight range of 101.5382 LBP (High: 5673.2580 / Low: 5571.7198).

February Spread (Volatile) ±28192.7168

January Spread (Stable) ±101.5382

Growth Streaks & Declines

Trends

Between January and March, 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 1254.6871 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1254.6871

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 33481.0345) against the same month in 2023 (average: 5844.5884), the exchange rate shifted by +27636.4461 (+472.86%).

2024 Avg (March) 33481.0345

2023 Avg (March) 5844.5884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5673.2580	5571.7198	5617.9183
February	33830.1887	5637.4719	13415.6359
March	33872.6415	33015.8021	33481.0345
April	33674.7644	33238.1143	33461.6617
May	33703.0075	31580.3993	33034.3764
June	32317.5562	31127.8833	31779.6893
July	33171.9250	31962.9942	32743.0927
August	33427.6198	32870.8232	33195.7516
September	33401.6775	32743.2157	33145.2109
October	32990.0424	32617.6220	32860.9655
November	33106.8053	31784.4168	32772.9492
December	32021.9626	31220.8310	31808.5337