2024 GMD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 243.4658. Conversely, the yearly low was recorded on September 30, dropping to 217.2193.
This high-to-low spread represents a total annual volatility of 26.2465 IDR. From a start-to-finish perspective, comparing the January average rate of 232.1380 to the December average rate of 223.7313, the exchange rate registered a net change of -3.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 243.4658 was down 4.51% compared to the 2023 peak of 254.9725, 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 IDR 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 235.1573, compared to 226.2198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.9376 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 18.4667 IDR (High: 236.0583 / Low: 217.5915). On the other end, February was the most stable month, with a tight range of 3.9304 IDR (High: 234.0544 / Low: 230.1240).
Growth Streaks & Declines
TrendsNo 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 13.9041 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 241.4648) against the same month in 2023 (average: 251.2875), the exchange rate shifted by -9.8227 (-3.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 234.8803 | 228.5539 | 232.1380 |
| February | 234.0544 | 230.1240 | 231.7061 |
| March | 234.0948 | 228.4178 | 231.3592 |
| April | 240.5169 | 233.9014 | 237.2374 |
| May | 239.9140 | 235.0935 | 237.0385 |
| June | 243.4658 | 239.2634 | 241.4648 |
| July | 242.0318 | 233.9783 | 239.5680 |
| August | 236.0583 | 217.5915 | 225.6640 |
| September | 224.3827 | 217.2193 | 220.4035 |
| October | 232.4556 | 218.6503 | 225.3063 |
| November | 225.1224 | 217.8231 | 222.6454 |
| December | 226.9305 | 220.3578 | 223.7313 |