2024 GEL to PHP Historical Review

YEARLY HIGH

21.6670 PHP

YEARLY LOW

20.3540 PHP

YEARLY AVERAGE

21.0810 PHP

2024 GEL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 21.6670. Conversely, the yearly low was recorded on May 15, dropping to 20.3540.

This high-to-low spread represents a total annual volatility of 1.3131 PHP. From a start-to-finish perspective, comparing the January average rate of 20.9169 to the December average rate of 20.7599, the exchange rate registered a net change of -0.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.6670 was down 3.42% compared to the 2023 peak of 22.4343, 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 108,335 PHP

2023 Average 106,033 PHP

Yearly Trough Low 101,770 PHP

Transaction Impact: A difference of 6,565.26 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.5422

20.6623

JanuMarcMayJulySeptNove

GEL to PHP 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 21.0686, compared to 21.0933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0248 points.

H1 Avg (Jan–Jun) 21.0686

H2 Avg (Jul–Dec) 21.0933

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.3059 PHP (High: 21.6599 / Low: 20.3540). On the other end, February was the most stable month, with a tight range of 0.2514 PHP (High: 21.2643 / Low: 21.0129).

May Spread (Volatile) ±1.3059

February Spread (Stable) ±0.2514

Growth Streaks & Declines

Trends

Between September and November, 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 November and December, when the average rate fell by 0.7090 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 21.3856) against the same month in 2023 (average: 21.2301), the exchange rate shifted by +0.1555 (+0.73%).

2024 Avg (July) 21.3856

2023 Avg (July) 21.2301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.2330	20.6324	20.9169
February	21.2643	21.0129	21.1205
March	21.1539	20.5687	20.9039
April	21.6250	20.8727	21.3213
May	21.6599	20.3540	21.3195
June	21.2385	20.4381	20.8293
July	21.6670	20.9760	21.3856
August	21.5197	20.7954	21.1352
September	21.0154	20.4298	20.7357
October	21.4629	20.5566	21.0748
November	21.6600	20.8361	21.4689
December	21.2079	20.3556	20.7599