2024 CAD to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 52.7967. Conversely, the yearly low was recorded on July 29, dropping to 48.9102.
This high-to-low spread represents a total annual volatility of 3.8865 GMD. From a start-to-finish perspective, comparing the January average rate of 50.1511 to the December average rate of 50.3554, the exchange rate registered a net change of 0.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 52.7967 was up 3.38% compared to the 2023 peak of 51.0719, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD to GMD 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 49.8455, compared to 50.5842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7386 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.0886 GMD (High: 52.7967 / Low: 49.7081). On the other end, May was the most stable month, with a tight range of 0.5624 GMD (High: 49.8939 / Low: 49.3315).
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 September and October, when the average rate fell by 0.9969 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 51.1076) against the same month in 2023 (average: 44.9288), the exchange rate shifted by +6.1788 (+13.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.8416 | 49.8073 | 50.1511 |
| February | 50.3560 | 49.7648 | 50.0952 |
| March | 50.5075 | 49.8330 | 50.1682 |
| April | 50.2052 | 49.1444 | 49.6309 |
| May | 49.8939 | 49.3315 | 49.5858 |
| June | 49.7630 | 49.1925 | 49.4420 |
| July | 50.3316 | 48.9102 | 49.4568 |
| August | 52.7967 | 49.7081 | 51.1076 |
| September | 52.4212 | 50.3898 | 51.3485 |
| October | 51.8175 | 49.4327 | 50.3516 |
| November | 51.6812 | 50.3493 | 50.8851 |
| December | 51.0006 | 49.7825 | 50.3554 |