2024 GEL to DKK Historical Review

YEARLY HIGH

2.6409 DKK

YEARLY LOW

2.4123 DKK

YEARLY AVERAGE

2.5377 DKK

2024 GEL to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GEL to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 2.6409. Conversely, the yearly low was recorded on June 12, dropping to 2.4123.

This high-to-low spread represents a total annual volatility of 0.2286 DKK. From a start-to-finish perspective, comparing the January average rate of 2.5553 to the December average rate of 2.5310, the exchange rate registered a net change of -0.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6409 was down 3.42% compared to the 2023 peak of 2.7344, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,205 DKK

2023 Average 13,134 DKK

Yearly Trough Low 12,062 DKK

Transaction Impact: A difference of 1,142.95 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6184

2.4454

JanuMarcMayJulySeptNove

GEL to DKK 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 2.5554, compared to 2.5200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0354 points.

H1 Avg (Jan–Jun) 2.5554

H2 Avg (Jul–Dec) 2.5200

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1778 DKK (High: 2.6033 / Low: 2.4255). On the other end, February was the most stable month, with a tight range of 0.0546 DKK (High: 2.6267 / Low: 2.5722).

May Spread (Volatile) ±0.1778

February Spread (Stable) ±0.0546

Growth Streaks & Declines

Trends

Between September and November, 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 May and June, when the average rate fell by 0.0867 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0867

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.6011) against the same month in 2023 (average: 2.6967), the exchange rate shifted by -0.0957 (-3.55%).

2024 Avg (April) 2.6011

2023 Avg (April) 2.6967

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5864	2.5159	2.5553
February	2.6267	2.5722	2.6040
March	2.5951	2.5160	2.5658
April	2.6409	2.5631	2.6011
May	2.6033	2.4255	2.5465
June	2.5137	2.4123	2.4598
July	2.5468	2.4663	2.5144
August	2.5527	2.4732	2.5114
September	2.5149	2.4454	2.4851
October	2.5409	2.4738	2.5102
November	2.6145	2.5068	2.5678
December	2.5722	2.4725	2.5310

2024 GEL నుండి DKK చారిత్రక సమీక్ష