2024 ARS to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ARS to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ARS to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 10.6337. Conversely, the yearly low was recorded on December 30, dropping to 8.3786.
This high-to-low spread represents a total annual volatility of 2.2550 GNF. From a start-to-finish perspective, comparing the January average rate of 10.5118 to the December average rate of 8.4628, the exchange rate registered a net change of -19.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.6337 was down 78.35% compared to the 2023 peak of 49.1162, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ARS 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 10.0096, compared to 8.9024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1071 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 0.2674 GNF (High: 10.4744 / Low: 10.2070). On the other end, December was the most stable month, with a tight range of 0.1485 GNF (High: 8.5271 / Low: 8.3786).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2099 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 10.5118) against the same month in 2023 (average: 47.6214), the exchange rate shifted by -37.1097 (-77.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.6337 | 10.3959 | 10.5118 |
| February | 10.4744 | 10.2070 | 10.3135 |
| March | 10.2144 | 10.0103 | 10.1037 |
| April | 10.0239 | 9.7716 | 9.9002 |
| May | 9.8475 | 9.6134 | 9.7052 |
| June | 9.6125 | 9.4446 | 9.5231 |
| July | 9.4282 | 9.2466 | 9.3376 |
| August | 9.2584 | 9.0813 | 9.1619 |
| September | 9.0638 | 8.9112 | 8.9981 |
| October | 8.9455 | 8.7081 | 8.8208 |
| November | 8.7485 | 8.5151 | 8.6333 |
| December | 8.5271 | 8.3786 | 8.4628 |