2024 MAD to GEL Historical Review

YEARLY HIGH

0.2876 GEL

YEARLY LOW

0.2613 GEL

YEARLY AVERAGE

0.2735 GEL

2024 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.2876. Conversely, the yearly low was recorded on February 19, dropping to 0.2613.

This high-to-low spread represents a total annual volatility of 0.0262 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2689 to the December average rate of 0.2810, the exchange rate registered a net change of 4.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2876 was up 5.23% compared to the 2023 peak of 0.2733, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,438 GEL

2023 Average 1,296 GEL

Yearly Trough Low 1,307 GEL

Transaction Impact: A difference of 131.12 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2851

0.2618

JanuMarcMayJulySeptNove

MAD 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 0.2697, compared to 0.2774 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.2697

H2 Avg (Jul–Dec) 0.2774

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0182 GEL (High: 0.2827 / Low: 0.2645). On the other end, February was the most stable month, with a tight range of 0.0050 GEL (High: 0.2664 / Low: 0.2613).

May Spread (Volatile) ±0.0182

February Spread (Stable) ±0.0050

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 0.0058 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.2832) against the same month in 2023 (average: 0.2599), the exchange rate shifted by +0.0233 (+8.96%).

2024 Avg (June) 0.2832

2023 Avg (June) 0.2599

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2715	0.2664	0.2689
February	0.2664	0.2613	0.2637
March	0.2702	0.2628	0.2660
April	0.2676	0.2616	0.2651
May	0.2827	0.2645	0.2714
June	0.2876	0.2785	0.2832
July	0.2834	0.2735	0.2774
August	0.2817	0.2727	0.2764
September	0.2820	0.2744	0.2779
October	0.2795	0.2738	0.2769
November	0.2817	0.2720	0.2747
December	0.2871	0.2772	0.2810