2024 GMD to CVE Historical Review

YEARLY HIGH

1.5298 CVE

YEARLY LOW

1.3932 CVE

YEARLY AVERAGE

1.4830 CVE

2024 GMD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 1.5298. Conversely, the yearly low was recorded on August 27, dropping to 1.3932.

This high-to-low spread represents a total annual volatility of 0.1366 CVE. From a start-to-finish perspective, comparing the January average rate of 1.5030 to the December average rate of 1.4655, the exchange rate registered a net change of -2.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.5298 was down 13.44% compared to the 2023 peak of 1.7673, 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 7,649 CVE

2023 Average 8,207 CVE

Yearly Trough Low 6,966 CVE

Transaction Impact: A difference of 683.12 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.5220

1.4203

JanuMarcMayJulySeptNove

GMD to CVE 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 1.5075, compared to 1.4585 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0490 points.

H1 Avg (Jan–Jun) 1.5075

H2 Avg (Jul–Dec) 1.4585

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0896 CVE (High: 1.4828 / Low: 1.3932). On the other end, March was the most stable month, with a tight range of 0.0257 CVE (High: 1.5088 / Low: 1.4831).

August Spread (Volatile) ±0.0896

March Spread (Stable) ±0.0257

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0627 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0627

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.5130) against the same month in 2023 (average: 1.6283), the exchange rate shifted by -0.1153 (-7.08%).

2024 Avg (April) 1.5130

2023 Avg (April) 1.6283

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5132	1.4825	1.5030
February	1.5257	1.4980	1.5129
March	1.5088	1.4831	1.4949
April	1.5298	1.4946	1.5130
May	1.5295	1.4926	1.5075
June	1.5269	1.4947	1.5135
July	1.5210	1.4676	1.4994
August	1.4828	1.3932	1.4367
September	1.4490	1.4092	1.4288
October	1.4907	1.4228	1.4622
November	1.4918	1.4159	1.4585
December	1.4789	1.4512	1.4655