2024 GEL to LKR Historical Review

YEARLY HIGH

120.9868 LKR

YEARLY LOW

101.3077 LKR

YEARLY AVERAGE

111.1252 LKR

2024 GEL to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 120.9868. Conversely, the yearly low was recorded on December 3, dropping to 101.3077.

This high-to-low spread represents a total annual volatility of 19.6791 LKR. From a start-to-finish perspective, comparing the January average rate of 119.9862 to the December average rate of 103.6484, the exchange rate registered a net change of -13.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 120.9868 was down 14.37% compared to the 2023 peak of 141.2908, 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 604,934 LKR

2023 Average 625,936 LKR

Yearly Trough Low 506,538 LKR

Transaction Impact: A difference of 98,395.48 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

121.6200

102.0146

JanuMarcMayJulySeptNove

GEL to LKR 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 113.6361, compared to 108.6143 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.0218 points.

H1 Avg (Jan–Jun) 113.6361

H2 Avg (Jul–Dec) 108.6143

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 5.8848 LKR (High: 117.0154 / Low: 111.1307). On the other end, August was the most stable month, with a tight range of 1.5091 LKR (High: 111.8879 / Low: 110.3788).

March Spread (Volatile) ±5.8848

August Spread (Stable) ±1.5091

Growth Streaks & Declines

Trends

Between June and September, 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 February and March, when the average rate fell by 3.7094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.7094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 119.9862) against the same month in 2023 (average: 137.2170), the exchange rate shifted by -17.2308 (-12.56%).

2024 Avg (January) 119.9862

2023 Avg (January) 137.2170

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	120.9868	117.9253	119.9862
February	118.6197	116.3769	117.7486
March	117.0154	111.1307	114.0392
April	113.3380	110.7217	111.7573
May	112.2709	106.8552	110.4302
June	110.1237	105.6433	107.8549
July	112.2402	108.9520	111.0199
August	111.8879	110.3788	111.2795
September	113.7720	108.2964	111.3280
October	108.2147	106.6577	107.6279
November	108.1634	103.1473	106.7820
December	105.6323	101.3077	103.6484