2024 GEL to RSD Historical Review

YEARLY HIGH

41.4594 RSD

YEARLY LOW

37.8608 RSD

YEARLY AVERAGE

39.8314 RSD

2024 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 41.4594. Conversely, the yearly low was recorded on June 12, dropping to 37.8608.

This high-to-low spread represents a total annual volatility of 3.5986 RSD. From a start-to-finish perspective, comparing the January average rate of 40.1628 to the December average rate of 39.6857, the exchange rate registered a net change of -1.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 41.4594 was down 3.82% compared to the 2023 peak of 43.1057, 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 207,297 RSD

2023 Average 206,657 RSD

Yearly Trough Low 189,304 RSD

Transaction Impact: A difference of 17,993.19 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

41.1660

38.3721

JanuMarcMayJulySeptNove

GEL to RSD 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 40.1384, compared to 39.5244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6140 points.

H1 Avg (Jan–Jun) 40.1384

H2 Avg (Jul–Dec) 39.5244

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 2.9482 RSD (High: 41.0250 / Low: 38.0768). On the other end, February was the most stable month, with a tight range of 0.8562 RSD (High: 41.2932 / Low: 40.4370).

May Spread (Volatile) ±2.9482

February Spread (Stable) ±0.8562

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 May and June, when the average rate fell by 1.3809 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3809

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 40.8328) against the same month in 2023 (average: 42.4032), the exchange rate shifted by -1.5704 (-3.70%).

2024 Avg (April) 40.8328

2023 Avg (April) 42.4032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.6637	39.5085	40.1628
February	41.2932	40.4370	40.9332
March	40.8068	39.5469	40.3110
April	41.4594	40.2493	40.8328
May	41.0250	38.0768	39.9859
June	39.4513	37.8608	38.6049
July	39.9426	38.6993	39.4453
August	40.0421	38.7607	39.3788
September	39.4338	38.3963	38.9864
October	39.8452	38.8246	39.3788
November	41.0147	39.2982	40.2717
December	40.3280	38.7756	39.6857