2024 GEL to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 41.3694. Conversely, the yearly low was recorded on June 19, dropping to 29.4013.
This high-to-low spread represents a total annual volatility of 11.9681 RUB. From a start-to-finish perspective, comparing the January average rate of 33.3921 to the December average rate of 36.8799, the exchange rate registered a net change of 10.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 41.3694 was up 7.78% compared to the 2023 peak of 38.3821, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to RUB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 33.6723, compared to 34.6399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9676 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 6.0759 RUB (High: 41.3694 / Low: 35.2935). On the other end, March was the most stable month, with a tight range of 0.9352 RUB (High: 34.8510 / Low: 33.9158).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 2.3523 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 36.9196) against the same month in 2023 (average: 33.5278), the exchange rate shifted by +3.3918 (+10.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.3281 | 32.7616 | 33.3921 |
| February | 35.7686 | 33.9579 | 34.6254 |
| March | 34.8510 | 33.9158 | 34.3442 |
| April | 35.3992 | 34.3572 | 34.7604 |
| May | 35.0225 | 32.0593 | 33.6321 |
| June | 32.4071 | 29.4013 | 31.2798 |
| July | 32.5968 | 30.9826 | 31.9390 |
| August | 34.0736 | 31.4437 | 33.0158 |
| September | 34.9031 | 32.4689 | 33.7856 |
| October | 35.8463 | 34.6141 | 35.2997 |
| November | 41.3694 | 35.2935 | 36.9196 |
| December | 40.4432 | 35.1993 | 36.8799 |