2024 TRY to GEL Historical Review

YEARLY HIGH

0.0909 GEL

YEARLY LOW

0.0786 GEL

YEARLY AVERAGE

0.0828 GEL

2024 TRY to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0909. Conversely, the yearly low was recorded on November 14, dropping to 0.0786.

This high-to-low spread represents a total annual volatility of 0.0123 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0889 to the December average rate of 0.0804, the exchange rate registered a net change of -9.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0909 was down 37.10% compared to the 2023 peak of 0.1445, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 4,543 GEL

2023 Average 5,672 GEL

Yearly Trough Low 3,928 GEL

Transaction Impact: A difference of 615.15 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0899

0.0784

JanuMarcMayJulySeptNove

TRY 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 0.0853, compared to 0.0803 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.0853

H2 Avg (Jul–Dec) 0.0803

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0055 GEL (High: 0.0878 / Low: 0.0824). On the other end, October was the most stable month, with a tight range of 0.0008 GEL (High: 0.0801 / Low: 0.0793).

May Spread (Volatile) ±0.0055

October Spread (Stable) ±0.0008

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 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0889) against the same month in 2023 (average: 0.1419), the exchange rate shifted by -0.0530 (-37.35%).

2024 Avg (January) 0.0889

2023 Avg (January) 0.1419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0909	0.0877	0.0889
February	0.0875	0.0847	0.0861
March	0.0844	0.0821	0.0834
April	0.0839	0.0817	0.0827
May	0.0878	0.0824	0.0840
June	0.0885	0.0844	0.0865
July	0.0860	0.0817	0.0831
August	0.0817	0.0789	0.0800
September	0.0799	0.0786	0.0793
October	0.0801	0.0793	0.0796
November	0.0811	0.0786	0.0793
December	0.0826	0.0795	0.0804