2024 CVE to GMD Historical Review

YEARLY HIGH

0.7178 GMD

YEARLY LOW

0.6537 GMD

YEARLY AVERAGE

0.6746 GMD

2024 CVE to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.7178. Conversely, the yearly low was recorded on April 19, dropping to 0.6537.

This high-to-low spread represents a total annual volatility of 0.0641 GMD. From a start-to-finish perspective, comparing the January average rate of 0.6654 to the December average rate of 0.6824, the exchange rate registered a net change of 2.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7178 was up 6.14% compared to the 2023 peak of 0.6763, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,589 GMD

2023 Average 3,052 GMD

Yearly Trough Low 3,268 GMD

Transaction Impact: A difference of 320.51 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7039

0.6568

JanuMarcMayJulySeptNove

CVE to GMD 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 0.6634, compared to 0.6859 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0225 points.

H1 Avg (Jan–Jun) 0.6634

H2 Avg (Jul–Dec) 0.6859

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0434 GMD (High: 0.7178 / Low: 0.6744). On the other end, March was the most stable month, with a tight range of 0.0115 GMD (High: 0.6743 / Low: 0.6628).

August Spread (Volatile) ±0.0434

March Spread (Stable) ±0.0115

Growth Streaks & Declines

Trends

Between 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 0.0160 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0160

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.6962) against the same month in 2023 (average: 0.5992), the exchange rate shifted by +0.0970 (+16.19%).

2024 Avg (August) 0.6962

2023 Avg (August) 0.5992

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6745	0.6609	0.6654
February	0.6676	0.6554	0.6610
March	0.6743	0.6628	0.6689
April	0.6691	0.6537	0.6610
May	0.6700	0.6538	0.6634
June	0.6690	0.6549	0.6607
July	0.6814	0.6574	0.6670
August	0.7178	0.6744	0.6962
September	0.7096	0.6901	0.7000
October	0.7028	0.6708	0.6840
November	0.7063	0.6703	0.6858
December	0.6891	0.6762	0.6824