2024 GEL to PKR Historical Review

YEARLY HIGH

105.9982 PKR

YEARLY LOW

96.8238 PKR

YEARLY AVERAGE

102.4820 PKR

2024 GEL to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 105.9982. Conversely, the yearly low was recorded on June 15, dropping to 96.8238.

This high-to-low spread represents a total annual volatility of 9.1744 PKR. From a start-to-finish perspective, comparing the January average rate of 104.6259 to the December average rate of 98.8111, the exchange rate registered a net change of -5.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 105.9982 was down 9.68% compared to the 2023 peak of 117.3598, 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 529,991 PKR

2023 Average 533,058 PKR

Yearly Trough Low 484,119 PKR

Transaction Impact: A difference of 45,871.84 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

105.8253

98.1635

JanuMarcMayJulySeptNove

GEL to PKR 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 103.2346, compared to 101.7294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5052 points.

H1 Avg (Jan–Jun) 103.2346

H2 Avg (Jul–Dec) 101.7294

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 6.1579 PKR (High: 104.6410 / Low: 98.4831). On the other end, October was the most stable month, with a tight range of 1.2180 PKR (High: 102.3203 / Low: 101.1023).

May Spread (Volatile) ±6.1579

October Spread (Stable) ±1.2180

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 3.8735 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.8735

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 105.1868) against the same month in 2023 (average: 100.4515), the exchange rate shifted by +4.7353 (+4.71%).

2024 Avg (February) 105.1868

2023 Avg (February) 100.4515

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	105.4991	103.0665	104.6259
February	105.9982	104.0585	105.1868
March	105.4717	102.5768	104.1833
April	104.6950	103.1022	103.9338
May	104.6410	98.4831	102.6756
June	100.4934	96.8238	98.8020
July	103.0810	99.4204	101.7839
August	103.9933	102.2525	103.2735
September	103.7687	101.5539	102.9701
October	102.3203	101.1023	101.8830
November	102.5755	98.6766	101.6546
December	99.5381	96.8537	98.8111