2024 GMD to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 7.8970. Conversely, the yearly low was recorded on December 11, dropping to 6.9621.
This high-to-low spread represents a total annual volatility of 0.9349 CRC. From a start-to-finish perspective, comparing the January average rate of 7.6826 to the December average rate of 7.0441, the exchange rate registered a net change of -8.31% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 7.8970 was down 17.33% compared to the 2023 peak of 9.5519, 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 CRC 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 7.5900, compared to 7.4029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1871 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.3828 CRC (High: 7.6810 / Low: 7.2983). On the other end, November was the most stable month, with a tight range of 0.0833 CRC (High: 7.2237 / Low: 7.1404).
Growth Streaks & Declines
TrendsBetween April and July, 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 October and November, when the average rate fell by 0.2772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 7.7636) against the same month in 2023 (average: 9.0567), the exchange rate shifted by -1.2931 (-14.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.7454 | 7.5757 | 7.6826 |
| February | 7.7097 | 7.5354 | 7.6293 |
| March | 7.5655 | 7.3975 | 7.4857 |
| April | 7.5042 | 7.3335 | 7.4240 |
| May | 7.6890 | 7.4980 | 7.5636 |
| June | 7.8496 | 7.6821 | 7.7547 |
| July | 7.8970 | 7.6239 | 7.7636 |
| August | 7.6751 | 7.3574 | 7.5132 |
| September | 7.5967 | 7.2822 | 7.4682 |
| October | 7.6810 | 7.2983 | 7.4527 |
| November | 7.2237 | 7.1404 | 7.1755 |
| December | 7.1522 | 6.9621 | 7.0441 |