2024 RON to GEL Historical Review

YEARLY HIGH

0.6212 GEL

YEARLY LOW

0.5679 GEL

YEARLY AVERAGE

0.5911 GEL

2024 RON to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RON to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.6212. Conversely, the yearly low was recorded on April 16, dropping to 0.5679.

This high-to-low spread represents a total annual volatility of 0.0534 GEL. From a start-to-finish perspective, comparing the January average rate of 0.5867 to the December average rate of 0.5925, the exchange rate registered a net change of 0.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6212 was up 3.42% compared to the 2023 peak of 0.6007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,106 GEL

2023 Average 2,868 GEL

Yearly Trough Low 2,839 GEL

Transaction Impact: A difference of 266.79 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6128

0.5721

JanuMarcMayJulySeptNove

RON 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 0.5870, compared to 0.5951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.5870

H2 Avg (Jul–Dec) 0.5951

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0427 GEL (High: 0.6184 / Low: 0.5757). On the other end, February was the most stable month, with a tight range of 0.0129 GEL (High: 0.5829 / Low: 0.5700).

May Spread (Volatile) ±0.0427

February Spread (Stable) ±0.0129

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 0.0136 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.6094) against the same month in 2023 (average: 0.5708), the exchange rate shifted by +0.0387 (+6.77%).

2024 Avg (June) 0.6094

2023 Avg (June) 0.5708

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5960	0.5793	0.5867
February	0.5829	0.5700	0.5755
March	0.5962	0.5779	0.5848
April	0.5857	0.5679	0.5767
May	0.6184	0.5757	0.5891
June	0.6212	0.5963	0.6094
July	0.6075	0.5894	0.5968
August	0.6063	0.5875	0.5970
September	0.6129	0.5966	0.6035
October	0.6059	0.5904	0.5973
November	0.5979	0.5733	0.5837
December	0.6062	0.5831	0.5925