2024 MVR to GEL Historical Review

YEARLY HIGH

0.1862 GEL

YEARLY LOW

0.1705 GEL

YEARLY AVERAGE

0.1765 GEL

2024 MVR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 0.1862. Conversely, the yearly low was recorded on March 13, dropping to 0.1705.

This high-to-low spread represents a total annual volatility of 0.0157 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1737 to the December average rate of 0.1827, the exchange rate registered a net change of 5.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1862 was up 5.37% compared to the 2023 peak of 0.1768, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 931 GEL

2023 Average 853 GEL

Yearly Trough Low 853 GEL

Transaction Impact: A difference of 78.67 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1842

0.1712

JanuMarcMayJulySeptNove

MVR 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 0.1752, compared to 0.1777 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1752

H2 Avg (Jul–Dec) 0.1777

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0125 GEL (High: 0.1847 / Low: 0.1722). On the other end, February was the most stable month, with a tight range of 0.0019 GEL (High: 0.1731 / Low: 0.1711).

May Spread (Volatile) ±0.0125

February Spread (Stable) ±0.0019

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 0.0055 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.1831) against the same month in 2023 (average: 0.1702), the exchange rate shifted by +0.0129 (+7.58%).

2024 Avg (June) 0.1831

2023 Avg (June) 0.1702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1747	0.1723	0.1737
February	0.1731	0.1711	0.1723
March	0.1754	0.1705	0.1733
April	0.1744	0.1721	0.1731
May	0.1847	0.1722	0.1758
June	0.1862	0.1802	0.1831
July	0.1818	0.1759	0.1776
August	0.1765	0.1740	0.1753
September	0.1781	0.1746	0.1760
October	0.1788	0.1768	0.1776
November	0.1819	0.1761	0.1771
December	0.1856	0.1818	0.1827