2024 GEL to PEN Historical Review

YEARLY HIGH

1.4635 PEN

YEARLY LOW

1.3076 PEN

YEARLY AVERAGE

1.3813 PEN

2024 GEL to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 1.4635. Conversely, the yearly low was recorded on December 3, dropping to 1.3076.

This high-to-low spread represents a total annual volatility of 0.1559 PEN. From a start-to-finish perspective, comparing the January average rate of 1.3947 to the December average rate of 1.3259, the exchange rate registered a net change of -4.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.4635 was down 2.90% compared to the 2023 peak of 1.5071, 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 7,317 PEN

2023 Average 7,129 PEN

Yearly Trough Low 6,538 PEN

Transaction Impact: A difference of 779.30 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.4552

1.3142

JanuMarcMayJulySeptNove

GEL to PEN 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 1.3892, compared to 1.3735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0157 points.

H1 Avg (Jan–Jun) 1.3892

H2 Avg (Jul–Dec) 1.3735

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0892 PEN (High: 1.4071 / Low: 1.3179). On the other end, August was the most stable month, with a tight range of 0.0238 PEN (High: 1.3949 / Low: 1.3711).

May Spread (Volatile) ±0.0892

August Spread (Stable) ±0.0238

Growth Streaks & Declines

Trends

Between June and September, 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 November and December, when the average rate fell by 0.0570 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0570

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.4435) against the same month in 2023 (average: 1.4522), the exchange rate shifted by -0.0087 (-0.60%).

2024 Avg (February) 1.4435

2023 Avg (February) 1.4522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4233	1.3718	1.3947
February	1.4635	1.4215	1.4435
March	1.4282	1.3604	1.3891
April	1.4134	1.3723	1.3889
May	1.4071	1.3179	1.3769
June	1.3788	1.3086	1.3423
July	1.3923	1.3562	1.3764
August	1.3949	1.3711	1.3855
September	1.4166	1.3588	1.3949
October	1.3866	1.3581	1.3753
November	1.3961	1.3292	1.3829
December	1.3380	1.3076	1.3259