2024 GEL to MUR Historical Review

YEARLY HIGH

17.8833 MUR

YEARLY LOW

15.9206 MUR

YEARLY AVERAGE

16.9995 MUR

2024 GEL to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 17.8833. Conversely, the yearly low was recorded on March 12, dropping to 15.9206.

This high-to-low spread represents a total annual volatility of 1.9626 MUR. From a start-to-finish perspective, comparing the January average rate of 16.6976 to the December average rate of 16.6436, the exchange rate registered a net change of -0.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 17.8833 was down 2.20% compared to the 2023 peak of 18.2863, 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 89,416 MUR

2023 Average 86,011 MUR

Yearly Trough Low 79,603 MUR

Transaction Impact: A difference of 9,813.13 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.4473

16.4486

JanuMarcMayJulySeptNove

GEL to MUR 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 17.0102, compared to 16.9887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0215 points.

H1 Avg (Jan–Jun) 17.0102

H2 Avg (Jul–Dec) 16.9887

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.4078 MUR (High: 17.3285 / Low: 15.9206). On the other end, August was the most stable month, with a tight range of 0.2709 MUR (High: 17.3134 / Low: 17.0425).

March Spread (Volatile) ±1.4078

August Spread (Stable) ±0.2709

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 0.4841 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4841

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 17.3641) against the same month in 2023 (average: 17.9053), the exchange rate shifted by -0.5412 (-3.02%).

2024 Avg (April) 17.3641

2023 Avg (April) 17.9053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.0857	16.4254	16.6976
February	17.8368	16.8668	17.2874
March	17.3285	15.9206	17.1644
April	17.8833	17.2052	17.3641
May	17.4060	16.2690	17.0159
June	16.8571	16.2088	16.5318
July	17.3407	16.6893	17.0915
August	17.3134	17.0425	17.1846
September	17.3346	16.7486	17.0203
October	17.1250	16.7409	16.9524
November	17.4055	16.5156	17.0400
December	16.8121	16.2892	16.6436