2024 CRC to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CRC to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CRC to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 17.2526. Conversely, the yearly low was recorded on July 9, dropping to 16.1060.
This high-to-low spread represents a total annual volatility of 1.1466 GNF. From a start-to-finish perspective, comparing the January average rate of 16.6264 to the December average rate of 17.0624, the exchange rate registered a net change of 2.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 17.2526 was up 4.25% compared to the 2023 peak of 16.5497, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CRC based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CRC 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 16.7316, compared to 16.6833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0483 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.3879 GNF (High: 17.1077 / Low: 16.7198). On the other end, November was the most stable month, with a tight range of 0.1777 GNF (High: 16.9822 / Low: 16.8044).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3899 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 17.0446) against the same month in 2023 (average: 16.0576), the exchange rate shifted by +0.9870 (+6.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.8235 | 16.4644 | 16.6264 |
| February | 16.8181 | 16.6159 | 16.6798 |
| March | 17.1077 | 16.7198 | 16.8995 |
| April | 17.2526 | 16.8828 | 17.0446 |
| May | 16.8455 | 16.5030 | 16.7646 |
| June | 16.5145 | 16.1558 | 16.3747 |
| July | 16.4841 | 16.1060 | 16.3489 |
| August | 16.6583 | 16.2819 | 16.4259 |
| September | 16.7111 | 16.4090 | 16.6338 |
| October | 16.8387 | 16.5977 | 16.7311 |
| November | 16.9822 | 16.8044 | 16.8978 |
| December | 17.2008 | 16.9693 | 17.0624 |