2024 CAD to GNF Historical Review

YEARLY HIGH

6510.3520 GNF

YEARLY LOW

5974.2380 GNF

YEARLY AVERAGE

6286.0311 GNF

2024 CAD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 6510.3520. Conversely, the yearly low was recorded on December 18, dropping to 5974.2380.

This high-to-low spread represents a total annual volatility of 536.1140 GNF. From a start-to-finish perspective, comparing the January average rate of 6405.7268 to the December average rate of 6052.0878, the exchange rate registered a net change of -5.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 6510.3520 was down 1.33% compared to the 2023 peak of 6597.9381, 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 32,551,760 GNF

2023 Average 31,923,759 GNF

Yearly Trough Low 29,871,190 GNF

Transaction Impact: A difference of 2,680,570.06 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6441.0907

6016.7239

JanuMarcMayJulySeptNove

CAD to GNF 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 6328.6708, compared to 6243.3914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 85.2794 points.

H1 Avg (Jan–Jun) 6328.6708

H2 Avg (Jul–Dec) 6243.3914

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 248.4640 GNF (High: 6412.7273 / Low: 6164.2634). On the other end, May was the most stable month, with a tight range of 60.5475 GNF (High: 6318.7921 / Low: 6258.2446).

August Spread (Volatile) ±248.4640

May Spread (Stable) ±60.5475

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 117.6195 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -117.6195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 6405.7268) against the same month in 2023 (average: 6458.0437), the exchange rate shifted by -52.3169 (-0.81%).

2024 Avg (January) 6405.7268

2023 Avg (January) 6458.0437

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6510.3520	6354.5818	6405.7268
February	6432.7180	6332.0086	6374.7651
March	6392.4171	6279.5977	6346.2338
April	6350.5983	6215.5268	6279.9189
May	6318.7921	6258.2446	6287.4188
June	6311.3145	6238.4322	6277.9614
July	6324.7772	6222.0327	6277.0184
August	6412.7273	6164.2634	6306.0991
September	6439.4304	6350.5038	6377.6415
October	6428.5562	6188.3731	6277.7944
November	6236.1810	6120.7844	6169.7073
December	6151.4502	5974.2380	6052.0878