2024 MYR to GEL Historical Review

YEARLY HIGH

0.6632 GEL

YEARLY LOW

0.5501 GEL

YEARLY AVERAGE

0.5951 GEL

2024 MYR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.6632. Conversely, the yearly low was recorded on February 20, dropping to 0.5501.

This high-to-low spread represents a total annual volatility of 0.1131 GEL. From a start-to-finish perspective, comparing the January average rate of 0.5715 to the December average rate of 0.6309, the exchange rate registered a net change of 10.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6632 was up 6.45% compared to the 2023 peak of 0.6230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 13,264 GEL

2023 Average 11,514 GEL

Yearly Trough Low 11,003 GEL

Transaction Impact: A difference of 2,261.05 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6426

0.5487

JanuMarcMayJulySeptNove

MYR 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 0.5716, compared to 0.6187 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0471 points.

H1 Avg (Jan–Jun) 0.5716

H2 Avg (Jul–Dec) 0.6187

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0473 GEL (High: 0.6632 / Low: 0.6159). On the other end, February was the most stable month, with a tight range of 0.0148 GEL (High: 0.5649 / Low: 0.5501).

September Spread (Volatile) ±0.0473

February Spread (Stable) ±0.0148

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 October and November, when the average rate fell by 0.0179 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6348) against the same month in 2023 (average: 0.5654), the exchange rate shifted by +0.0694 (+12.27%).

2024 Avg (September) 0.6348

2023 Avg (September) 0.5654

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5843	0.5617	0.5715
February	0.5649	0.5501	0.5565
March	0.5748	0.5584	0.5669
April	0.5698	0.5550	0.5615
May	0.6002	0.5605	0.5747
June	0.6086	0.5884	0.5984
July	0.5941	0.5781	0.5841
August	0.6251	0.5931	0.6108
September	0.6632	0.6159	0.6348
October	0.6543	0.6237	0.6348
November	0.6327	0.6080	0.6169
December	0.6426	0.6226	0.6309