2024 GEL to NZD Historical Review

YEARLY HIGH

0.6381 NZD

YEARLY LOW

0.5652 NZD

YEARLY AVERAGE

0.6086 NZD

2024 GEL to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.6381. Conversely, the yearly low was recorded on June 12, dropping to 0.5652.

This high-to-low spread represents a total annual volatility of 0.0729 NZD. From a start-to-finish perspective, comparing the January average rate of 0.6054 to the December average rate of 0.6194, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6381 was down 2.10% compared to the 2023 peak of 0.6518, 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 3,191 NZD

2023 Average 3,106 NZD

Yearly Trough Low 2,826 NZD

Transaction Impact: A difference of 364.50 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6328

0.5735

JanuMarcMayJulySeptNove

GEL to NZD 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 0.6084, compared to 0.6088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.6084

H2 Avg (Jul–Dec) 0.6088

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0525 NZD (High: 0.6301 / Low: 0.5776). On the other end, February was the most stable month, with a tight range of 0.0143 NZD (High: 0.6230 / Low: 0.6087).

May Spread (Volatile) ±0.0525

February Spread (Stable) ±0.0143

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0296 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6279) against the same month in 2023 (average: 0.6388), the exchange rate shifted by -0.0109 (-1.71%).

2024 Avg (April) 0.6279

2023 Avg (April) 0.6388

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6202	0.5898	0.6054
February	0.6230	0.6087	0.6152
March	0.6207	0.6059	0.6155
April	0.6381	0.6152	0.6279
May	0.6301	0.5776	0.6080
June	0.5893	0.5652	0.5785
July	0.6290	0.5838	0.6064
August	0.6236	0.5925	0.6097
September	0.6051	0.5763	0.5944
October	0.6154	0.5843	0.6036
November	0.6300	0.6001	0.6192
December	0.6357	0.5924	0.6194