2024 ZAR to GEL Historical Review

YEARLY HIGH

0.1591 GEL

YEARLY LOW

0.1372 GEL

YEARLY AVERAGE

0.1484 GEL

2024 ZAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.1591. Conversely, the yearly low was recorded on February 25, dropping to 0.1372.

This high-to-low spread represents a total annual volatility of 0.0218 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1427 to the December average rate of 0.1543, the exchange rate registered a net change of 8.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1591 was down 0.62% compared to the 2023 peak of 0.1600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,953 GEL

2023 Average 7,118 GEL

Yearly Trough Low 6,862 GEL

Transaction Impact: A difference of 1,090.61 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1568

0.1379

JanuMarcMayJulySeptNove

ZAR 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 0.1444, compared to 0.1525 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) 0.1444

H2 Avg (Jul–Dec) 0.1525

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0115 GEL (High: 0.1584 / Low: 0.1468). On the other end, October was the most stable month, with a tight range of 0.0042 GEL (High: 0.1579 / Low: 0.1537).

June Spread (Volatile) ±0.0115

October Spread (Stable) ±0.0042

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 January and February, when the average rate fell by 0.0032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.1536) against the same month in 2023 (average: 0.1395), the exchange rate shifted by +0.0141 (+10.10%).

2024 Avg (September) 0.1536

2023 Avg (September) 0.1395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1465	0.1382	0.1427
February	0.1434	0.1372	0.1395
March	0.1450	0.1388	0.1418
April	0.1452	0.1381	0.1417
May	0.1547	0.1438	0.1473
June	0.1584	0.1468	0.1532
July	0.1535	0.1473	0.1500
August	0.1524	0.1439	0.1493
September	0.1591	0.1498	0.1536
October	0.1579	0.1537	0.1552
November	0.1575	0.1490	0.1523
December	0.1587	0.1485	0.1543