2024 SGD to GEL Historical Review

YEARLY HIGH

2.1341 GEL

YEARLY LOW

1.9492 GEL

YEARLY AVERAGE

2.0340 GEL

2024 SGD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 2.1341. Conversely, the yearly low was recorded on April 16, dropping to 1.9492.

This high-to-low spread represents a total annual volatility of 0.1849 GEL. From a start-to-finish perspective, comparing the January average rate of 2.0029 to the December average rate of 2.0833, the exchange rate registered a net change of 4.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1341 was up 4.70% compared to the 2023 peak of 2.0383, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,671 GEL

2023 Average 9,769 GEL

Yearly Trough Low 9,746 GEL

Transaction Impact: A difference of 924.73 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0975

1.9596

JanuMarcMayJulySeptNove

SGD 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 2.0051, compared to 2.0630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0579 points.

H1 Avg (Jan–Jun) 2.0051

H2 Avg (Jul–Dec) 2.0630

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1363 GEL (High: 2.1025 / Low: 1.9662). On the other end, February was the most stable month, with a tight range of 0.0366 GEL (High: 1.9937 / Low: 1.9571).

May Spread (Volatile) ±0.1363

February Spread (Stable) ±0.0366

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 0.0520 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0520

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.0833) against the same month in 2023 (average: 2.0173), the exchange rate shifted by +0.0660 (+3.27%).

2024 Avg (December) 2.0833

2023 Avg (December) 2.0173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0343	1.9760	2.0029
February	1.9937	1.9571	1.9720
March	2.0239	1.9706	1.9940
April	1.9929	1.9492	1.9711
May	2.1025	1.9662	2.0067
June	2.1216	2.0466	2.0840
July	2.0676	2.0104	2.0320
August	2.0722	2.0241	2.0494
September	2.1282	2.0579	2.0860
October	2.1153	2.0567	2.0810
November	2.1000	2.0236	2.0461
December	2.1341	2.0557	2.0833