2024 GBP to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GBP to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GBP to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 112.2369. Conversely, the yearly low was recorded on April 22, dropping to 102.9853.
This high-to-low spread represents a total annual volatility of 9.2516 INR. From a start-to-finish perspective, comparing the January average rate of 105.6153 to the December average rate of 107.3978, the exchange rate registered a net change of 1.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 112.2369 was up 4.22% compared to the 2023 peak of 107.6933, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GBP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GBP to INR 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 105.2888, compared to 108.5968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3080 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 4.7822 INR (High: 111.2408 / Low: 106.4586). On the other end, January was the most stable month, with a tight range of 1.1617 INR (High: 106.1626 / Low: 105.0009).
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 October and November, when the average rate fell by 2.0876 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 110.7880) against the same month in 2023 (average: 102.8713), the exchange rate shifted by +7.9167 (+7.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 106.1626 | 105.0009 | 105.6153 |
| February | 105.7189 | 104.0865 | 104.8030 |
| March | 106.4030 | 104.8586 | 105.5480 |
| April | 105.5160 | 102.9853 | 104.3526 |
| May | 106.3041 | 104.2741 | 105.3364 |
| June | 106.8756 | 105.4502 | 106.0774 |
| July | 108.7190 | 105.5123 | 107.5978 |
| August | 111.2408 | 106.4586 | 108.6032 |
| September | 112.2369 | 109.5116 | 110.7880 |
| October | 111.3403 | 108.4578 | 109.6408 |
| November | 109.7119 | 105.6435 | 107.5532 |
| December | 108.4796 | 106.3706 | 107.3978 |