2024 CAD to GIP Historical Review

YEARLY HIGH

0.5947 GIP

YEARLY LOW

0.5498 GIP

YEARLY AVERAGE

0.5713 GIP

2024 CAD to GIP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to GIP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.5947. Conversely, the yearly low was recorded on December 17, dropping to 0.5498.

This high-to-low spread represents a total annual volatility of 0.0449 GIP. From a start-to-finish perspective, comparing the January average rate of 0.5865 to the December average rate of 0.5550, the exchange rate registered a net change of -5.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5947 was down 4.27% compared to the 2023 peak of 0.6212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,973 GIP

2023 Average 2,979 GIP

Yearly Trough Low 2,749 GIP

Transaction Impact: A difference of 224.32 GIP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5898

0.5519

JanuMarcMayJulySeptNove

CAD to GIP 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 0.5820, compared to 0.5605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0214 points.

H1 Avg (Jan–Jun) 0.5820

H2 Avg (Jul–Dec) 0.5605

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0160 GIP (High: 0.5699 / Low: 0.5539). On the other end, February was the most stable month, with a tight range of 0.0077 GIP (High: 0.5894 / Low: 0.5817).

November Spread (Volatile) ±0.0160

February Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0076 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5865) against the same month in 2023 (average: 0.6086), the exchange rate shifted by -0.0222 (-3.64%).

2024 Avg (January) 0.5865

2023 Avg (January) 0.6086

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5947	0.5813	0.5865
February	0.5894	0.5817	0.5867
March	0.5863	0.5749	0.5812
April	0.5910	0.5811	0.5843
May	0.5839	0.5734	0.5790
June	0.5781	0.5695	0.5742
July	0.5763	0.5612	0.5666
August	0.5734	0.5597	0.5653
September	0.5648	0.5526	0.5583
October	0.5622	0.5523	0.5571
November	0.5699	0.5539	0.5610
December	0.5624	0.5498	0.5550