2024 GEL to TRY Historical Review

YEARLY HIGH

12.7294 TRY

YEARLY LOW

11.0058 TRY

YEARLY AVERAGE

12.0981 TRY

2024 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 12.7294. Conversely, the yearly low was recorded on January 1, dropping to 11.0058.

This high-to-low spread represents a total annual volatility of 1.7236 TRY. From a start-to-finish perspective, comparing the January average rate of 11.2479 to the December average rate of 12.4375, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.7294 was up 15.85% compared to the 2023 peak of 10.9878, 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 63,647 TRY

2023 Average 45,324 TRY

Yearly Trough Low 55,029 TRY

Transaction Impact: A difference of 8,618.00 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.7429

11.1120

JanuMarcMayJulySeptNove

GEL to TRY 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 11.7370, compared to 12.4591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7221 points.

H1 Avg (Jan–Jun) 11.7370

H2 Avg (Jul–Dec) 12.4591

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7550 TRY (High: 12.1406 / Low: 11.3856). On the other end, October was the most stable month, with a tight range of 0.1271 TRY (High: 12.6104 / Low: 12.4833).

May Spread (Volatile) ±0.7550

October Spread (Stable) ±0.1271

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3408 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3408

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 12.6070) against the same month in 2023 (average: 10.6094), the exchange rate shifted by +1.9976 (+18.83%).

2024 Avg (November) 12.6070

2023 Avg (November) 10.6094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4066	11.0058	11.2479
February	11.8098	11.4252	11.6149
March	12.1775	11.8452	11.9873
April	12.2443	11.9218	12.0964
May	12.1406	11.3856	11.9082
June	11.8465	11.3046	11.5675
July	12.2337	11.6269	12.0410
August	12.6695	12.2396	12.5015
September	12.7205	12.5079	12.6056
October	12.6104	12.4833	12.5622
November	12.7294	12.3317	12.6070
December	12.5856	12.1090	12.4375