2024 GHS to GEL Historical Review

YEARLY HIGH

0.2260 GEL

YEARLY LOW

0.1651 GEL

YEARLY AVERAGE

0.1894 GEL

2024 GHS to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GHS to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.2260. Conversely, the yearly low was recorded on November 10, dropping to 0.1651.

This high-to-low spread represents a total annual volatility of 0.0609 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2221 to the December average rate of 0.1904, the exchange rate registered a net change of -14.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2260 was down 30.13% compared to the 2023 peak of 0.3235, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GHS based on timing:

Yearly Peak High 1,130 GEL

2023 Average 1,125 GEL

Yearly Trough Low 825 GEL

Transaction Impact: A difference of 304.62 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2273

0.1651

JanuMarcMayJulySeptNove

GHS to GEL 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 0.2032, compared to 0.1756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0276 points.

H1 Avg (Jan–Jun) 0.2032

H2 Avg (Jul–Dec) 0.1756

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0185 GEL (High: 0.1836 / Low: 0.1651). On the other end, September was the most stable month, with a tight range of 0.0029 GEL (High: 0.1735 / Low: 0.1706).

November Spread (Volatile) ±0.0185

September Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2221) against the same month in 2023 (average: 0.2353), the exchange rate shifted by -0.0131 (-5.57%).

2024 Avg (January) 0.2221

2023 Avg (January) 0.2353

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2260	0.2169	0.2221
February	0.2154	0.2094	0.2129
March	0.2093	0.2036	0.2068
April	0.2034	0.1958	0.1990
May	0.1982	0.1848	0.1908
June	0.1924	0.1830	0.1874
July	0.1830	0.1742	0.1773
August	0.1752	0.1716	0.1728
September	0.1735	0.1706	0.1721
October	0.1731	0.1676	0.1703
November	0.1836	0.1651	0.1706
December	0.1918	0.1833	0.1904