2024 GEL to PLN Historical Review

YEARLY HIGH

1.7160 PLN

YEARLY LOW

1.3856 PLN

YEARLY AVERAGE

1.4655 PLN

2024 GEL to PLN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to PLN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.7160. Conversely, the yearly low was recorded on May 15, dropping to 1.3856.

This high-to-low spread represents a total annual volatility of 0.3303 PLN. From a start-to-finish perspective, comparing the January average rate of 1.5024 to the December average rate of 1.4486, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.7160 was down 0.24% compared to the 2023 peak of 1.7202, 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 8,580 PLN

2023 Average 8,004 PLN

Yearly Trough Low 6,928 PLN

Transaction Impact: A difference of 1,651.55 PLN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.5191

1.4161

JanuMarcMayJulySeptNove

GEL to PLN 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 1.4803, compared to 1.4506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0297 points.

H1 Avg (Jan–Jun) 1.4803

H2 Avg (Jul–Dec) 1.4506

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.2440 PLN (High: 1.7160 / Low: 1.4720). On the other end, February was the most stable month, with a tight range of 0.0395 PLN (High: 1.5290 / Low: 1.4895).

January Spread (Volatile) ±0.2440

February Spread (Stable) ±0.0395

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 November and December, when the average rate fell by 0.0427 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.5024) against the same month in 2023 (average: 1.6265), the exchange rate shifted by -0.1241 (-7.63%).

2024 Avg (January) 1.5024

2023 Avg (January) 1.6265

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7160	1.4720	1.5024
February	1.5290	1.4895	1.5105
March	1.5032	1.4547	1.4817
April	1.5458	1.4661	1.5005
May	1.5123	1.3856	1.4620
June	1.4580	1.4012	1.4248
July	1.4621	1.4159	1.4426
August	1.4718	1.4119	1.4438
September	1.4455	1.3953	1.4246
October	1.4799	1.4224	1.4527
November	1.5230	1.4442	1.4913
December	1.4712	1.4190	1.4486