2024 GEL to SGD Historical Review

YEARLY HIGH

0.5130 SGD

YEARLY LOW

0.4686 SGD

YEARLY AVERAGE

0.4919 SGD

2024 GEL to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.5130. Conversely, the yearly low was recorded on December 3, dropping to 0.4686.

This high-to-low spread represents a total annual volatility of 0.0445 SGD. From a start-to-finish perspective, comparing the January average rate of 0.4993 to the December average rate of 0.4801, the exchange rate registered a net change of -3.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5130 was down 4.44% compared to the 2023 peak of 0.5369, 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 2,565 SGD

2023 Average 2,560 SGD

Yearly Trough Low 2,343 SGD

Transaction Impact: A difference of 222.31 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5101

0.4767

JanuMarcMayJulySeptNove

GEL to SGD 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 0.4989, compared to 0.4848 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.4989

H2 Avg (Jul–Dec) 0.4848

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0330 SGD (High: 0.5086 / Low: 0.4756). On the other end, February was the most stable month, with a tight range of 0.0094 SGD (High: 0.5110 / Low: 0.5016).

May Spread (Volatile) ±0.0330

February Spread (Stable) ±0.0094

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 0.0186 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.5074) against the same month in 2023 (average: 0.5283), the exchange rate shifted by -0.0210 (-3.97%).

2024 Avg (April) 0.5074

2023 Avg (April) 0.5283

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5061	0.4916	0.4993
February	0.5110	0.5016	0.5071
March	0.5075	0.4941	0.5015
April	0.5130	0.5018	0.5074
May	0.5086	0.4756	0.4985
June	0.4886	0.4713	0.4799
July	0.4974	0.4837	0.4922
August	0.4941	0.4826	0.4880
September	0.4859	0.4699	0.4795
October	0.4862	0.4728	0.4806
November	0.4942	0.4762	0.4888
December	0.4864	0.4686	0.4801