2024 GEL to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 1016.2915. Conversely, the yearly low was recorded on December 16, dropping to 836.9057.
This high-to-low spread represents a total annual volatility of 179.3858 TZS. From a start-to-finish perspective, comparing the January average rate of 942.0736 to the December average rate of 876.3188, the exchange rate registered a net change of -6.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1016.2915 was up 5.83% compared to the 2023 peak of 960.3129, 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 TZS 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 951.3441, compared to 973.3103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.9661 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 99.5114 TZS (High: 936.4172 / Low: 836.9057). On the other end, October was the most stable month, with a tight range of 16.5560 TZS (High: 1003.8055 / Low: 987.2495).
Growth Streaks & Declines
TrendsBetween June and September, 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 November and December, when the average rate fell by 99.1318 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1008.5534) against the same month in 2023 (average: 946.7840), the exchange rate shifted by +61.7694 (+6.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 949.6969 | 933.0500 | 942.0736 |
| February | 967.7419 | 945.7535 | 957.8764 |
| March | 964.7490 | 939.9632 | 954.6827 |
| April | 973.6842 | 954.3442 | 965.5298 |
| May | 974.6871 | 917.4812 | 957.5584 |
| June | 954.6716 | 907.6655 | 930.3439 |
| July | 1000.1842 | 944.6538 | 977.3091 |
| August | 1010.5825 | 991.0078 | 1003.3884 |
| September | 1016.2915 | 998.0675 | 1008.5534 |
| October | 1003.8055 | 987.2495 | 998.8413 |
| November | 1000.0000 | 936.8956 | 975.4506 |
| December | 936.4172 | 836.9057 | 876.3188 |