2024 GEL to MDL Historical Review

YEARLY HIGH

6.7837 MDL

YEARLY LOW

6.1603 MDL

YEARLY AVERAGE

6.5258 MDL

2024 GEL to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 6.7837. Conversely, the yearly low was recorded on June 10, dropping to 6.1603.

This high-to-low spread represents a total annual volatility of 0.6234 MDL. From a start-to-finish perspective, comparing the January average rate of 6.5864 to the December average rate of 6.5085, the exchange rate registered a net change of -1.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 6.7837 was down 6.57% compared to the 2023 peak of 7.2604, 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 33,919 MDL

2023 Average 34,502 MDL

Yearly Trough Low 30,801 MDL

Transaction Impact: A difference of 3,117.16 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.7535

6.2447

JanuMarcMayJulySeptNove

GEL to MDL 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 6.5544, compared to 6.4972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0571 points.

H1 Avg (Jan–Jun) 6.5544

H2 Avg (Jul–Dec) 6.4972

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.3841 MDL (High: 6.6459 / Low: 6.2619). On the other end, September was the most stable month, with a tight range of 0.1328 MDL (High: 6.4795 / Low: 6.3467).

May Spread (Volatile) ±0.3841

September Spread (Stable) ±0.1328

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 0.2287 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 6.7111) against the same month in 2023 (average: 7.1034), the exchange rate shifted by -0.3923 (-5.52%).

2024 Avg (February) 6.7111

2023 Avg (February) 7.1034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6664	6.4544	6.5864
February	6.7837	6.6490	6.7111
March	6.7009	6.4943	6.6005
April	6.7295	6.5235	6.6253
May	6.6459	6.2619	6.5158
June	6.4039	6.1603	6.2871
July	6.5751	6.3572	6.4747
August	6.5466	6.4014	6.4860
September	6.4795	6.3467	6.4306
October	6.6134	6.3711	6.4835
November	6.6886	6.4946	6.6001
December	6.5935	6.3525	6.5085