2024 AFN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AFN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AFN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 132.5662. Conversely, the yearly low was recorded on February 5, dropping to 115.0313.
This high-to-low spread represents a total annual volatility of 17.5349 GNF. From a start-to-finish perspective, comparing the January average rate of 120.1846 to the December average rate of 124.3422, the exchange rate registered a net change of 3.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 132.5662 was up 6.54% compared to the 2023 peak of 124.4268, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AFN to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 119.7331, compared to 124.7192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.9861 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 7.2123 GNF (High: 122.7889 / Low: 115.5767). On the other end, July was the most stable month, with a tight range of 1.7631 GNF (High: 122.8198 / Low: 121.0567).
Growth Streaks & Declines
TrendsBetween February and June, 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 November and December, when the average rate fell by 3.1290 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 128.7874) against the same month in 2023 (average: 113.8898), the exchange rate shifted by +14.8976 (+13.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 122.7889 | 115.5767 | 120.1846 |
| February | 119.1332 | 115.0313 | 117.5783 |
| March | 120.7005 | 117.7514 | 119.0545 |
| April | 120.8153 | 118.8293 | 119.6779 |
| May | 121.9858 | 118.7693 | 119.9013 |
| June | 123.5995 | 119.8076 | 122.0018 |
| July | 122.8198 | 121.0567 | 121.6604 |
| August | 123.1123 | 120.8365 | 121.7218 |
| September | 126.9485 | 121.5563 | 124.3320 |
| October | 132.5662 | 125.6299 | 128.7874 |
| November | 128.8738 | 126.5181 | 127.4712 |
| December | 127.8701 | 122.6877 | 124.3422 |