2024 GEL to XCD Historical Review

YEARLY HIGH

1.0256 XCD

YEARLY LOW

0.9417 XCD

YEARLY AVERAGE

0.9947 XCD

2024 GEL to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 1.0256. Conversely, the yearly low was recorded on December 3, dropping to 0.9417.

This high-to-low spread represents a total annual volatility of 0.0840 XCD. From a start-to-finish perspective, comparing the January average rate of 1.0101 to the December average rate of 0.9603, the exchange rate registered a net change of -4.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0256 was down 5.88% compared to the 2023 peak of 1.0897, 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 5,128 XCD

2023 Average 5,153 XCD

Yearly Trough Low 4,708 XCD

Transaction Impact: A difference of 419.90 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0249

0.9529

JanuMarcMayJulySeptNove

GEL to XCD 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 1.0010, compared to 0.9884 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 1.0010

H2 Avg (Jul–Dec) 0.9884

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0593 XCD (High: 1.0160 / Low: 0.9567). On the other end, October was the most stable month, with a tight range of 0.0109 XCD (High: 0.9954 / Low: 0.9845).

May Spread (Volatile) ±0.0593

October Spread (Stable) ±0.0109

Growth Streaks & Declines

Trends

Between June and August, 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 0.0384 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0384

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.0189) against the same month in 2023 (average: 1.0227), the exchange rate shifted by -0.0038 (-0.37%).

2024 Avg (February) 1.0189

2023 Avg (February) 1.0227

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0179	1.0047	1.0101
February	1.0256	1.0141	1.0189
March	1.0198	0.9954	1.0105
April	1.0160	1.0028	1.0102
May	1.0160	0.9567	0.9973
June	0.9751	0.9417	0.9589
July	1.0009	0.9652	0.9884
August	1.0084	0.9973	1.0025
September	1.0075	0.9881	1.0001
October	0.9954	0.9845	0.9909
November	0.9954	0.9609	0.9885
December	0.9652	0.9417	0.9603