2024 ISK to GEL Historical Review

YEARLY HIGH

0.0207 GEL

YEARLY LOW

0.0187 GEL

YEARLY AVERAGE

0.0197 GEL

2024 ISK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.0207. Conversely, the yearly low was recorded on April 16, dropping to 0.0187.

This high-to-low spread represents a total annual volatility of 0.0020 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0195 to the December average rate of 0.0203, the exchange rate registered a net change of 3.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0207 was up 2.58% compared to the 2023 peak of 0.0202, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104 GEL

2023 Average 95 GEL

Yearly Trough Low 94 GEL

Transaction Impact: A difference of 9.92 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0204

0.0190

JanuMarcMayJulySeptNove

ISK 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 0.0195, compared to 0.0199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0195

H2 Avg (Jul–Dec) 0.0199

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0014 GEL (High: 0.0205 / Low: 0.0191). On the other end, January was the most stable month, with a tight range of 0.0004 GEL (High: 0.0197 / Low: 0.0193).

May Spread (Volatile) ±0.0014

January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and June, 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 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.0203) against the same month in 2023 (average: 0.0189), the exchange rate shifted by +0.0014 (+7.25%).

2024 Avg (June) 0.0203

2023 Avg (June) 0.0189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0197	0.0193	0.0195
February	0.0196	0.0191	0.0193
March	0.0200	0.0192	0.0195
April	0.0193	0.0187	0.0191
May	0.0205	0.0191	0.0195
June	0.0207	0.0199	0.0203
July	0.0202	0.0195	0.0199
August	0.0198	0.0194	0.0196
September	0.0202	0.0194	0.0197
October	0.0203	0.0197	0.0199
November	0.0205	0.0195	0.0198
December	0.0207	0.0200	0.0203