2024 GEL to NPR Historical Review

YEARLY HIGH

50.4074 NPR

YEARLY LOW

46.4628 NPR

YEARLY AVERAGE

49.2582 NPR

2024 GEL to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 50.4074. Conversely, the yearly low was recorded on June 15, dropping to 46.4628.

This high-to-low spread represents a total annual volatility of 3.9446 NPR. From a start-to-finish perspective, comparing the January average rate of 49.6960 to the December average rate of 48.2833, the exchange rate registered a net change of -2.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 50.4074 was down 4.60% compared to the 2023 peak of 52.8371, 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 252,037 NPR

2023 Average 251,797 NPR

Yearly Trough Low 232,314 NPR

Transaction Impact: A difference of 19,722.77 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

50.3399

47.1145

JanuMarcMayJulySeptNove

GEL to NPR 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 49.3093, compared to 49.2071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1022 points.

H1 Avg (Jan–Jun) 49.3093

H2 Avg (Jul–Dec) 49.2071

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 3.0368 NPR (High: 50.2463 / Low: 47.2095). On the other end, February was the most stable month, with a tight range of 0.6400 NPR (High: 50.4074 / Low: 49.7674).

May Spread (Volatile) ±3.0368

February Spread (Stable) ±0.6400

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 1.8344 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8344

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 50.0711) against the same month in 2023 (average: 50.0077), the exchange rate shifted by +0.0635 (+0.13%).

2024 Avg (February) 50.0711

2023 Avg (February) 50.0077

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.1647	49.2595	49.6960
February	50.4074	49.7674	50.0711
March	50.0628	48.9304	49.6423
April	50.2703	49.4680	49.8453
May	50.2463	47.2095	49.2177
June	48.2764	46.4628	47.3833
July	49.6217	47.6912	48.9015
August	50.1387	49.0816	49.7490
September	50.0285	48.8776	49.6259
October	49.5600	48.9189	49.3245
November	49.9069	48.0286	49.3583
December	48.9187	47.2339	48.2833