2024 GEL to MNT Historical Review

YEARLY HIGH

1309.2979 MNT

YEARLY LOW

1183.9721 MNT

YEARLY AVERAGE

1261.3807 MNT

2024 GEL to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 1309.2979. Conversely, the yearly low was recorded on December 3, dropping to 1183.9721.

This high-to-low spread represents a total annual volatility of 125.3258 MNT. From a start-to-finish perspective, comparing the January average rate of 1289.5098 to the December average rate of 1207.3617, the exchange rate registered a net change of -6.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1309.2979 was down 7.73% compared to the 2023 peak of 1418.9516, 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 6,546,490 MNT

2023 Average 6,601,876 MNT

Yearly Trough Low 5,919,861 MNT

Transaction Impact: A difference of 626,628.94 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1310.0038

1198.0306

JanuMarcMayJulySeptNove

GEL to MNT 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 1277.8287, compared to 1244.9327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.8960 points.

H1 Avg (Jan–Jun) 1277.8287

H2 Avg (Jul–Dec) 1244.9327

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 75.7535 MNT (High: 1296.9925 / Low: 1221.2389). On the other end, October was the most stable month, with a tight range of 13.6783 MNT (High: 1251.5654 / Low: 1237.8871).

May Spread (Volatile) ±75.7535

October Spread (Stable) ±13.6783

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 48.9597 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -48.9597

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1300.6727) against the same month in 2023 (average: 1289.2588), the exchange rate shifted by +11.4138 (+0.89%).

2024 Avg (February) 1300.6727

2023 Avg (February) 1289.2588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1299.4350	1282.5279	1289.5098
February	1309.2979	1294.5591	1300.6727
March	1301.8868	1270.7182	1289.9871
April	1296.9925	1280.1484	1289.5427
May	1296.9925	1221.2389	1273.1098
June	1244.7383	1202.0906	1224.1501
July	1273.0670	1232.1429	1255.5635
August	1267.9104	1253.8745	1260.4847
September	1266.7288	1242.4132	1257.3961
October	1251.5654	1237.8871	1245.9174
November	1251.5654	1208.1782	1242.8732
December	1213.5866	1183.9721	1207.3617