2024 GEL to UAH Historical Review

YEARLY HIGH

15.4708 UAH

YEARLY LOW

14.0085 UAH

YEARLY AVERAGE

14.7797 UAH

2024 GEL to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 15.4708. Conversely, the yearly low was recorded on January 31, dropping to 14.0085.

This high-to-low spread represents a total annual volatility of 1.4623 UAH. From a start-to-finish perspective, comparing the January average rate of 14.1444 to the December average rate of 14.8438, the exchange rate registered a net change of 4.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.4708 was up 3.90% compared to the 2023 peak of 14.8895, 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 77,354 UAH

2023 Average 70,164 UAH

Yearly Trough Low 70,043 UAH

Transaction Impact: A difference of 7,311.41 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

15.3888

14.0313

JanuMarcMayJulySeptNove

GEL to UAH 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 14.4487, compared to 15.1108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6621 points.

H1 Avg (Jan–Jun) 14.4487

H2 Avg (Jul–Dec) 15.1108

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.9301 UAH (High: 14.9413 / Low: 14.0112). On the other end, January was the most stable month, with a tight range of 0.2312 UAH (High: 14.2397 / Low: 14.0085).

May Spread (Volatile) ±0.9301

January Spread (Stable) ±0.2312

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 November and December, when the average rate fell by 0.2993 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2993

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 15.2708) against the same month in 2023 (average: 13.9515), the exchange rate shifted by +1.3193 (+9.46%).

2024 Avg (September) 15.2708

2023 Avg (September) 13.9515

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.2397	14.0085	14.1444
February	14.6057	14.0611	14.3234
March	14.6259	14.2826	14.4749
April	14.9285	14.4904	14.7187
May	14.9413	14.0112	14.6629
June	14.6187	14.1147	14.3679
July	15.3332	14.4941	14.9985
August	15.4143	15.1160	15.2757
September	15.4708	15.0683	15.2708
October	15.2352	15.0023	15.1328
November	15.2799	14.7611	15.1430
December	15.0055	14.5580	14.8438