2024 GMD to CNY Historical Review

YEARLY HIGH

0.1074 CNY

YEARLY LOW

0.0993 CNY

YEARLY AVERAGE

0.1044 CNY

2024 GMD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 0.1074. Conversely, the yearly low was recorded on November 4, dropping to 0.0993.

This high-to-low spread represents a total annual volatility of 0.0081 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1057 to the December average rate of 0.1014, the exchange rate registered a net change of -4.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1074 was down 11.84% compared to the 2023 peak of 0.1218, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 537 CNY

2023 Average 569 CNY

Yearly Trough Low 496 CNY

Transaction Impact: A difference of 40.50 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1076

0.1007

JanuMarcMayJulySeptNove

GMD to CNY 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 0.1060, compared to 0.1027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.1060

H2 Avg (Jul–Dec) 0.1027

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0046 CNY (High: 0.1050 / Low: 0.1003). On the other end, March was the most stable month, with a tight range of 0.0015 CNY (High: 0.1065 / Low: 0.1049).

August Spread (Volatile) ±0.0046

March Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0047 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.1070) against the same month in 2023 (average: 0.1205), the exchange rate shifted by -0.0135 (-11.21%).

2024 Avg (July) 0.1070

2023 Avg (July) 0.1205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1068	0.1051	0.1057
February	0.1070	0.1050	0.1059
March	0.1065	0.1049	0.1059
April	0.1068	0.1044	0.1065
May	0.1069	0.1044	0.1057
June	0.1072	0.1047	0.1065
July	0.1074	0.1039	0.1070
August	0.1050	0.1003	0.1023
September	0.1036	0.1002	0.1017
October	0.1046	0.1006	0.1023
November	0.1027	0.0993	0.1013
December	0.1026	0.1007	0.1014