2024 GEL to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 232.1800. Conversely, the yearly low was recorded on June 12, dropping to 212.1161.
This high-to-low spread represents a total annual volatility of 20.0639 XAF. From a start-to-finish perspective, comparing the January average rate of 224.7276 to the December average rate of 222.5759, the exchange rate registered a net change of -0.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 232.1800 was down 3.66% compared to the 2023 peak of 241.0118, 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 XAF 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 224.7118, compared to 221.5480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.1638 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 15.7062 XAF (High: 228.9591 / Low: 213.2529). On the other end, February was the most stable month, with a tight range of 4.8072 XAF (High: 231.1537 / Low: 226.3465).
Growth Streaks & Declines
TrendsBetween September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 7.5938 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 228.6942) against the same month in 2023 (average: 236.7754), the exchange rate shifted by -8.0812 (-3.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 227.5511 | 221.3578 | 224.7276 |
| February | 231.1537 | 226.3465 | 229.0986 |
| March | 228.3142 | 221.3022 | 225.6136 |
| April | 232.1800 | 225.4006 | 228.6942 |
| May | 228.9591 | 213.2529 | 223.8653 |
| June | 221.0519 | 212.1161 | 216.2715 |
| July | 223.8536 | 216.7446 | 221.0111 |
| August | 224.4015 | 217.2690 | 220.7353 |
| September | 221.0633 | 215.0979 | 218.4801 |
| October | 223.2843 | 217.5598 | 220.7189 |
| November | 229.9321 | 220.4852 | 225.7667 |
| December | 226.1446 | 217.4760 | 222.5759 |