2024 BAM to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BAM to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BAM to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 4939.7611. Conversely, the yearly low was recorded on December 20, dropping to 4583.5521.
This high-to-low spread represents a total annual volatility of 356.2090 GNF. From a start-to-finish perspective, comparing the January average rate of 4796.5065 to the December average rate of 4624.7360, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 4939.7611 was down 0.42% compared to the 2023 peak of 4960.8153, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BAM 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 4753.3587, compared to 4777.4880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.1293 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 220.0451 GNF (High: 4812.4402 / Low: 4592.3951). On the other end, September was the most stable month, with a tight range of 67.7216 GNF (High: 4939.7611 / Low: 4872.0395).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 122.1020 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 4908.9108) against the same month in 2023 (average: 4705.2410), the exchange rate shifted by +203.6698 (+4.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4869.6343 | 4757.8055 | 4796.5065 |
| February | 4817.0389 | 4708.7030 | 4749.5932 |
| March | 4809.4056 | 4740.3664 | 4775.6444 |
| April | 4776.3016 | 4667.2639 | 4714.6937 |
| May | 4781.2498 | 4689.0769 | 4748.4585 |
| June | 4788.3756 | 4700.3020 | 4735.2559 |
| July | 4815.6354 | 4717.1751 | 4776.3253 |
| August | 4925.9433 | 4754.7540 | 4850.8540 |
| September | 4939.7611 | 4872.0395 | 4908.9108 |
| October | 4921.5337 | 4754.7566 | 4813.1019 |
| November | 4812.4402 | 4592.3951 | 4690.9999 |
| December | 4667.3412 | 4583.5521 | 4624.7360 |