2024 GEL to NIO Historical Review

YEARLY HIGH

13.9669 NIO

YEARLY LOW

12.7955 NIO

YEARLY AVERAGE

13.5380 NIO

2024 GEL to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 13.9669. Conversely, the yearly low was recorded on June 15, dropping to 12.7955.

This high-to-low spread represents a total annual volatility of 1.1714 NIO. From a start-to-finish perspective, comparing the January average rate of 13.6986 to the December average rate of 13.0704, the exchange rate registered a net change of -4.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.9669 was down 5.25% compared to the 2023 peak of 14.7412, 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 69,835 NIO

2023 Average 69,692 NIO

Yearly Trough Low 63,977 NIO

Transaction Impact: A difference of 5,857.17 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.9463

12.9757

JanuMarcMayJulySeptNove

GEL to NIO 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 13.6173, compared to 13.4588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1585 points.

H1 Avg (Jan–Jun) 13.6173

H2 Avg (Jul–Dec) 13.4588

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7971 NIO (High: 13.8270 / Low: 13.0299). On the other end, October was the most stable month, with a tight range of 0.1624 NIO (High: 13.5569 / Low: 13.3945).

May Spread (Volatile) ±0.7971

October Spread (Stable) ±0.1624

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 0.5157 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 13.8654) against the same month in 2023 (average: 13.8093), the exchange rate shifted by +0.0562 (+0.41%).

2024 Avg (February) 13.8654

2023 Avg (February) 13.8093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.8343	13.5758	13.6986
February	13.9669	13.7690	13.8654
March	13.8948	13.5458	13.7524
April	13.8687	13.6504	13.7585
May	13.8270	13.0299	13.5722
June	13.2748	12.7955	13.0566
July	13.6351	13.1457	13.4588
August	13.7430	13.5145	13.6476
September	13.7257	13.4537	13.6189
October	13.5569	13.3945	13.4996
November	13.5872	13.0597	13.4574
December	13.1602	12.8197	13.0704