2024 FJD to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FJD to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FJD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 32.2471. Conversely, the yearly low was recorded on May 1, dropping to 29.5742.
This high-to-low spread represents a total annual volatility of 2.6729 GMD. From a start-to-finish perspective, comparing the January average rate of 30.1306 to the December average rate of 31.1252, the exchange rate registered a net change of 3.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 32.2471 was up 4.80% compared to the 2023 peak of 30.7691, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FJD 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 30.0833, compared to 31.0973 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0140 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.8466 GMD (High: 32.2471 / Low: 30.4005). On the other end, February was the most stable month, with a tight range of 0.4534 GMD (High: 30.2152 / Low: 29.7618).
Growth Streaks & Declines
TrendsBetween April and September, 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 September and October, when the average rate fell by 0.4897 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 31.3110) against the same month in 2023 (average: 26.8552), the exchange rate shifted by +4.4558 (+16.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.6779 | 29.7207 | 30.1306 |
| February | 30.2152 | 29.7618 | 30.0559 |
| March | 30.5023 | 29.8113 | 30.1713 |
| April | 30.3369 | 29.6208 | 29.9581 |
| May | 30.4730 | 29.5742 | 30.0404 |
| June | 30.3989 | 29.8944 | 30.1435 |
| July | 30.8293 | 29.8833 | 30.2289 |
| August | 32.2471 | 30.4005 | 31.3110 |
| September | 32.0984 | 31.0228 | 31.5076 |
| October | 31.8979 | 30.3857 | 31.0179 |
| November | 31.9453 | 30.9058 | 31.3933 |
| December | 31.4521 | 30.9425 | 31.1252 |