2024 MUR to GEL Historical Review

YEARLY HIGH

0.0628 GEL

YEARLY LOW

0.0559 GEL

YEARLY AVERAGE

0.0588 GEL

2024 MUR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0628. Conversely, the yearly low was recorded on April 15, dropping to 0.0559.

This high-to-low spread represents a total annual volatility of 0.0069 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0599 to the December average rate of 0.0601, the exchange rate registered a net change of 0.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0628 was up 1.66% compared to the 2023 peak of 0.0618, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 314 GEL

2023 Average 291 GEL

Yearly Trough Low 280 GEL

Transaction Impact: A difference of 34.47 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0608

0.0573

JanuMarcMayJulySeptNove

MUR 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 0.0588, compared to 0.0589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0588

H2 Avg (Jul–Dec) 0.0589

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0051 GEL (High: 0.0628 / Low: 0.0577). On the other end, August was the most stable month, with a tight range of 0.0009 GEL (High: 0.0587 / Low: 0.0578).

March Spread (Volatile) ±0.0051

August Spread (Stable) ±0.0009

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 January and February, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0583) against the same month in 2023 (average: 0.0555), the exchange rate shifted by +0.0027 (+4.95%).

2024 Avg (March) 0.0583

2023 Avg (March) 0.0555

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0609	0.0585	0.0599
February	0.0593	0.0561	0.0579
March	0.0628	0.0577	0.0583
April	0.0581	0.0559	0.0576
May	0.0615	0.0575	0.0588
June	0.0617	0.0593	0.0605
July	0.0599	0.0577	0.0585
August	0.0587	0.0578	0.0582
September	0.0597	0.0577	0.0588
October	0.0597	0.0584	0.0590
November	0.0605	0.0575	0.0587
December	0.0614	0.0595	0.0601