2024 PEN to GEL Historical Review

YEARLY HIGH

0.7648 GEL

YEARLY LOW

0.6833 GEL

YEARLY AVERAGE

0.7243 GEL

2024 PEN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.7648. Conversely, the yearly low was recorded on February 16, dropping to 0.6833.

This high-to-low spread represents a total annual volatility of 0.0814 GEL. From a start-to-finish perspective, comparing the January average rate of 0.7171 to the December average rate of 0.7542, the exchange rate registered a net change of 5.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7648 was up 4.91% compared to the 2023 peak of 0.7290, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,824 GEL

2023 Average 3,509 GEL

Yearly Trough Low 3,417 GEL

Transaction Impact: A difference of 407.24 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7604

0.6867

JanuMarcMayJulySeptNove

PEN 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 0.7203, compared to 0.7283 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.7203

H2 Avg (Jul–Dec) 0.7283

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0481 GEL (High: 0.7588 / Low: 0.7107). On the other end, August was the most stable month, with a tight range of 0.0124 GEL (High: 0.7293 / Low: 0.7169).

May Spread (Volatile) ±0.0481

August Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0243 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0243

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.7542) against the same month in 2023 (average: 0.7189), the exchange rate shifted by +0.0353 (+4.92%).

2024 Avg (December) 0.7542

2023 Avg (December) 0.7189

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7290	0.7026	0.7171
February	0.7035	0.6833	0.6928
March	0.7351	0.7002	0.7200
April	0.7287	0.7075	0.7201
May	0.7588	0.7107	0.7265
June	0.7642	0.7253	0.7451
July	0.7373	0.7182	0.7266
August	0.7293	0.7169	0.7218
September	0.7360	0.7059	0.7170
October	0.7363	0.7212	0.7271
November	0.7523	0.7163	0.7232
December	0.7648	0.7474	0.7542