2024 PGK to GEL Historical Review

YEARLY HIGH

0.7455 GEL

YEARLY LOW

0.6726 GEL

YEARLY AVERAGE

0.6985 GEL

2024 PGK to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.7455. Conversely, the yearly low was recorded on November 14, dropping to 0.6726.

This high-to-low spread represents a total annual volatility of 0.0729 GEL. From a start-to-finish perspective, comparing the January average rate of 0.7166 to the December average rate of 0.6962, the exchange rate registered a net change of -2.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7455 was down 2.75% compared to the 2023 peak of 0.7665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,727 GEL

2023 Average 3,643 GEL

Yearly Trough Low 3,363 GEL

Transaction Impact: A difference of 364.42 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7301

0.6754

JanuMarcMayJulySeptNove

PGK 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 0.7081, compared to 0.6890 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 0.7081

H2 Avg (Jul–Dec) 0.6890

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0403 GEL (High: 0.7279 / Low: 0.6876). On the other end, January was the most stable month, with a tight range of 0.0146 GEL (High: 0.7227 / Low: 0.7081).

May Spread (Volatile) ±0.0403

January Spread (Stable) ±0.0146

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0241 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.7255) against the same month in 2023 (average: 0.7349), the exchange rate shifted by -0.0094 (-1.28%).

2024 Avg (June) 0.7255

2023 Avg (June) 0.7349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7227	0.7081	0.7166
February	0.7159	0.6921	0.7031
March	0.7204	0.6929	0.7042
April	0.7083	0.6923	0.7001
May	0.7279	0.6876	0.6989
June	0.7455	0.7109	0.7255
July	0.7272	0.6881	0.7014
August	0.7071	0.6801	0.6866
September	0.6969	0.6747	0.6825
October	0.6931	0.6782	0.6871
November	0.6985	0.6726	0.6800
December	0.7106	0.6910	0.6962