2024 GEL to STD Historical Review

YEARLY HIGH

8456.0911 STD

YEARLY LOW

7763.6934 STD

YEARLY AVERAGE

8201.1289 STD

2024 GEL to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 8456.0911. Conversely, the yearly low was recorded on December 3, dropping to 7763.6934.

This high-to-low spread represents a total annual volatility of 692.3977 STD. From a start-to-finish perspective, comparing the January average rate of 8328.2899 to the December average rate of 7917.0662, the exchange rate registered a net change of -4.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 8456.0911 was down 8.12% compared to the 2023 peak of 9203.2220, 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 42,280,455 STD

2023 Average 43,079,892 STD

Yearly Trough Low 38,818,467 STD

Transaction Impact: A difference of 3,461,988.51 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

8449.8069

7856.7426

JanuMarcMayJulySeptNove

GEL to STD 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 8252.8474, compared to 8149.4103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 103.4371 points.

H1 Avg (Jan–Jun) 8252.8474

H2 Avg (Jul–Dec) 8149.4103

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 489.2537 STD (High: 8376.6165 / Low: 7887.3628). On the other end, October was the most stable month, with a tight range of 89.6932 STD (High: 8206.9245 / Low: 8117.2313).

May Spread (Volatile) ±489.2537

October Spread (Stable) ±89.6932

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 May and June, when the average rate fell by 316.2060 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -316.2060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 8400.3849) against the same month in 2023 (average: 8637.0213), the exchange rate shifted by -236.6364 (-2.74%).

2024 Avg (February) 8400.3849

2023 Avg (February) 8637.0213

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8392.3917	8283.1970	8328.2899
February	8456.0911	8360.9006	8400.3849
March	8408.2264	8206.9245	8331.3723
April	8376.6165	8267.8293	8328.5023
May	8376.6165	7887.3628	8222.3706
June	8039.1331	7763.6934	7906.1646
July	8252.5185	7957.7857	8149.0104
August	8314.1045	8222.0664	8265.4112
September	8306.3560	8146.9104	8245.1582
October	8206.9245	8117.2313	8169.8889
November	8206.9245	7922.4206	8149.9269
December	7957.8852	7763.6934	7917.0662