2024 GEL to VND Historical Review

YEARLY HIGH

9551.3179 VND

YEARLY LOW

8851.3173 VND

YEARLY AVERAGE

9220.0810 VND

2024 GEL to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 9551.3179. Conversely, the yearly low was recorded on December 3, dropping to 8851.3173.

This high-to-low spread represents a total annual volatility of 700.0006 VND. From a start-to-finish perspective, comparing the January average rate of 9150.3846 to the December average rate of 9032.5200, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9551.3179 was up 0.94% compared to the 2023 peak of 9462.0661, 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 47,756,590 VND

2023 Average 45,435,130 VND

Yearly Trough Low 44,256,587 VND

Transaction Impact: A difference of 3,500,003.07 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9450.8292

8989.9012

JanuMarcMayJulySeptNove

GEL to VND 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 9243.2252, compared to 9196.9368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 46.2883 points.

H1 Avg (Jan–Jun) 9243.2252

H2 Avg (Jul–Dec) 9196.9368

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 530.9349 VND (High: 9540.4112 / Low: 9009.4763). On the other end, August was the most stable month, with a tight range of 164.3626 VND (High: 9376.4137 / Low: 9212.0511).

May Spread (Volatile) ±530.9349

August Spread (Stable) ±164.3626

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 360.3171 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -360.3171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 9412.4185) against the same month in 2023 (average: 9309.3887), the exchange rate shifted by +103.0298 (+1.11%).

2024 Avg (April) 9412.4185

2023 Avg (April) 9309.3887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9255.3848	9038.6974	9150.3846
February	9311.9051	9137.5785	9235.4619
March	9322.0994	9107.7348	9244.1452
April	9551.3179	9203.9580	9412.4185
May	9540.4112	9009.4763	9388.6289
June	9184.0068	8869.3410	9028.3118
July	9375.9259	9091.0745	9279.7545
August	9376.4137	9212.0511	9287.6548
September	9247.2119	8981.7185	9119.1591
October	9338.2564	9030.9491	9184.5943
November	9335.3003	9012.0921	9277.9383
December	9091.1893	8851.3173	9032.5200