2024 GEL to THB Historical Review

YEARLY HIGH

13.9065 THB

YEARLY LOW

11.8501 THB

YEARLY AVERAGE

12.9807 THB

2024 GEL to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 13.9065. Conversely, the yearly low was recorded on September 30, dropping to 11.8501.

This high-to-low spread represents a total annual volatility of 2.0565 THB. From a start-to-finish perspective, comparing the January average rate of 13.1472 to the December average rate of 12.1356, the exchange rate registered a net change of -7.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.9065 was up 0.23% compared to the 2023 peak of 13.8744, 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 69,533 THB

2023 Average 66,277 THB

Yearly Trough Low 59,250 THB

Transaction Impact: A difference of 10,282.25 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.9004

11.9752

JanuMarcMayJulySeptNove

GEL to THB 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 13.3951, compared to 12.5663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8289 points.

H1 Avg (Jan–Jun) 13.3951

H2 Avg (Jul–Dec) 12.5663

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.9997 THB (High: 13.8404 / Low: 12.8407). On the other end, March was the most stable month, with a tight range of 0.2644 THB (High: 13.5264 / Low: 13.2620).

May Spread (Volatile) ±0.9997

March Spread (Stable) ±0.2644

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.5647 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5647

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 13.7400) against the same month in 2023 (average: 13.5562), the exchange rate shifted by +0.1838 (+1.36%).

2024 Avg (April) 13.7400

2023 Avg (April) 13.5562

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.4363	12.7910	13.1472
February	13.7065	13.2550	13.5139
March	13.5264	13.2620	13.4374
April	13.9065	13.5571	13.7400
May	13.8404	12.8407	13.5082
June	13.2529	12.7633	13.0241
July	13.4145	13.0545	13.2492
August	13.1763	12.5680	12.8754
September	12.7441	11.8501	12.3107
October	12.4154	11.9450	12.2392
November	12.8330	12.1892	12.5874
December	12.3485	11.9608	12.1356