2024 GEL to MOP Historical Review

YEARLY HIGH

3.0578 MOP

YEARLY LOW

2.7954 MOP

YEARLY AVERAGE

2.9579 MOP

2024 GEL to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 3.0578. Conversely, the yearly low was recorded on December 3, dropping to 2.7954.

This high-to-low spread represents a total annual volatility of 0.2624 MOP. From a start-to-finish perspective, comparing the January average rate of 3.0089 to the December average rate of 2.8439, the exchange rate registered a net change of -5.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0578 was down 6.30% compared to the 2023 peak of 3.2635, 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 15,289 MOP

2023 Average 15,369 MOP

Yearly Trough Low 13,977 MOP

Transaction Impact: A difference of 1,312.05 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0571

2.8245

JanuMarcMayJulySeptNove

GEL to MOP 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 2.9825, compared to 2.9333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0492 points.

H1 Avg (Jan–Jun) 2.9825

H2 Avg (Jul–Dec) 2.9333

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1797 MOP (High: 3.0263 / Low: 2.8466). On the other end, October was the most stable month, with a tight range of 0.0356 MOP (High: 2.9486 / Low: 2.9130).

May Spread (Volatile) ±0.1797

October Spread (Stable) ±0.0356

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 0.1138 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3.0377) against the same month in 2023 (average: 3.0588), the exchange rate shifted by -0.0211 (-0.69%).

2024 Avg (February) 3.0377

2023 Avg (February) 3.0588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0356	2.9826	3.0089
February	3.0578	3.0164	3.0377
March	3.0419	2.9681	3.0117
April	3.0323	2.9897	3.0138
May	3.0263	2.8466	2.9682
June	2.9000	2.7967	2.8544
July	2.9785	2.8741	2.9410
August	2.9965	2.9474	2.9769
September	2.9967	2.9244	2.9701
October	2.9486	2.9130	2.9363
November	2.9603	2.8453	2.9315
December	2.8622	2.7954	2.8439