2024 GEL to SBD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to SBD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 3.2946. Conversely, the yearly low was recorded on December 3, dropping to 2.9089.
This high-to-low spread represents a total annual volatility of 0.3857 SBD. From a start-to-finish perspective, comparing the January average rate of 3.1474 to the December average rate of 2.9773, the exchange rate registered a net change of -5.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.2946 was down 1.64% compared to the 2023 peak of 3.3495, 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 SBD 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 3.1338, compared to 3.0672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0666 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.1871 SBD (High: 3.2000 / Low: 3.0129). On the other end, August was the most stable month, with a tight range of 0.0494 SBD (High: 3.1678 / Low: 3.1184).
Growth Streaks & Declines
TrendsBetween 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 0.1287 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 3.1655) against the same month in 2023 (average: 3.1906), the exchange rate shifted by -0.0251 (-0.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.1787 | 3.1222 | 3.1474 |
| February | 3.2179 | 3.1537 | 3.1869 |
| March | 3.2946 | 3.1198 | 3.1655 |
| April | 3.2014 | 3.1451 | 3.1692 |
| May | 3.2000 | 3.0129 | 3.1311 |
| June | 3.0460 | 2.9457 | 3.0025 |
| July | 3.1392 | 3.0140 | 3.0902 |
| August | 3.1678 | 3.1184 | 3.1453 |
| September | 3.1509 | 3.0320 | 3.0863 |
| October | 3.0702 | 3.0159 | 3.0460 |
| November | 3.0765 | 2.9808 | 3.0580 |
| December | 2.9942 | 2.9089 | 2.9773 |