2024 GMD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 128.4089. Conversely, the yearly low was recorded on December 22, dropping to 119.5182.
This high-to-low spread represents a total annual volatility of 8.8906 GNF. From a start-to-finish perspective, comparing the January average rate of 127.7286 to the December average rate of 120.1867, the exchange rate registered a net change of -5.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 128.4089 was down 11.86% compared to the 2023 peak of 145.6842, 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 GNF 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 126.9649, compared to 123.4450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.5199 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 5.4867 GNF (High: 127.8784 / Low: 122.3918). On the other end, January was the most stable month, with a tight range of 0.6402 GNF (High: 128.0518 / Low: 127.4115).
Growth Streaks & Declines
TrendsBetween March and June, 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 3.5200 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 127.2537) against the same month in 2023 (average: 141.4942), the exchange rate shifted by -14.2405 (-10.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.0518 | 127.4115 | 127.7286 |
| February | 128.4089 | 126.4826 | 127.2537 |
| March | 126.8754 | 126.0128 | 126.4991 |
| April | 126.8929 | 126.1676 | 126.5327 |
| May | 127.1237 | 126.0623 | 126.7989 |
| June | 127.6816 | 126.7688 | 126.9763 |
| July | 127.5266 | 123.9847 | 126.9213 |
| August | 125.0109 | 121.3834 | 123.4012 |
| September | 126.3355 | 121.6281 | 124.2228 |
| October | 127.8784 | 122.3918 | 124.6873 |
| November | 122.3205 | 120.5197 | 121.2507 |
| December | 121.5086 | 119.5182 | 120.1867 |