2024 GMD to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 14.4338. Conversely, the yearly low was recorded on January 1, dropping to 12.0421.
This high-to-low spread represents a total annual volatility of 2.3917 ARS. From a start-to-finish perspective, comparing the January average rate of 12.1514 to the December average rate of 14.2019, the exchange rate registered a net change of 16.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 14.4338 was up 19.87% compared to the 2023 peak of 12.0416, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GMD to ARS 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 12.6986, compared to 13.8752 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1766 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was September, with a trading range of 0.7095 ARS (High: 14.1391 / Low: 13.4296). On the other end, December was the most stable month, with a tight range of 0.2147 ARS (High: 14.3202 / Low: 14.1054).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1237 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 14.1358) against the same month in 2023 (average: 5.3345), the exchange rate shifted by +8.8013 (+164.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.2612 | 12.0421 | 12.1514 |
| February | 12.4688 | 12.2402 | 12.3388 |
| March | 12.6277 | 12.3953 | 12.5205 |
| April | 12.9413 | 12.6290 | 12.7814 |
| May | 13.1976 | 12.8829 | 13.0655 |
| June | 13.4467 | 13.1941 | 13.3339 |
| July | 13.7477 | 13.3923 | 13.5928 |
| August | 13.6449 | 13.1106 | 13.4691 |
| September | 14.1391 | 13.4296 | 13.8065 |
| October | 14.4338 | 13.8608 | 14.1358 |
| November | 14.2299 | 13.8421 | 14.0453 |
| December | 14.3202 | 14.1054 | 14.2019 |