2024 AFN to GMD Historical Review

YEARLY HIGH

1.0744 GMD

YEARLY LOW

0.8960 GMD

YEARLY AVERAGE

0.9769 GMD

2024 AFN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 1.0744. Conversely, the yearly low was recorded on February 3, dropping to 0.8960.

This high-to-low spread represents a total annual volatility of 0.1785 GMD. From a start-to-finish perspective, comparing the January average rate of 0.9409 to the December average rate of 1.0345, the exchange rate registered a net change of 9.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0744 was up 9.79% compared to the 2023 peak of 0.9786, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,372 GMD

2023 Average 3,807 GMD

Yearly Trough Low 4,480 GMD

Transaction Impact: A difference of 892.35 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0641

0.9113

JanuMarcMayJulySeptNove

AFN to GMD 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 0.9431, compared to 1.0108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0678 points.

H1 Avg (Jan–Jun) 0.9431

H2 Avg (Jul–Dec) 1.0108

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0890 GMD (High: 1.0744 / Low: 0.9854). On the other end, April was the most stable month, with a tight range of 0.0154 GMD (High: 0.9544 / Low: 0.9391).

October Spread (Volatile) ±0.0890

April Spread (Stable) ±0.0154

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0169 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 1.0331) against the same month in 2023 (average: 0.8689), the exchange rate shifted by +0.1642 (+18.90%).

2024 Avg (October) 1.0331

2023 Avg (October) 0.8689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9618	0.9071	0.9409
February	0.9366	0.8960	0.9240
March	0.9567	0.9312	0.9412
April	0.9544	0.9391	0.9458
May	0.9613	0.9367	0.9456
June	0.9713	0.9446	0.9608
July	0.9851	0.9518	0.9586
August	1.0034	0.9718	0.9865
September	1.0278	0.9831	1.0009
October	1.0744	0.9854	1.0331
November	1.0682	1.0390	1.0513
December	1.0593	1.0214	1.0345