2024 GMD to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 1.2433. Conversely, the yearly low was recorded on November 3, dropping to 1.1763.
This high-to-low spread represents a total annual volatility of 0.0670 INR. From a start-to-finish perspective, comparing the January average rate of 1.2351 to the December average rate of 1.1837, the exchange rate registered a net change of -4.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.2433 was down 10.60% compared to the 2023 peak of 1.3908, 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 INR 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 1.2293, compared to 1.2035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0257 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.0513 INR (High: 1.2433 / Low: 1.1921). On the other end, April was the most stable month, with a tight range of 0.0071 INR (High: 1.2328 / Low: 1.2257).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0314 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 1.2132) against the same month in 2023 (average: 1.2684), the exchange rate shifted by -0.0552 (-4.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.2394 | 1.2317 | 1.2351 |
| February | 1.2321 | 1.2198 | 1.2274 |
| March | 1.2313 | 1.2174 | 1.2227 |
| April | 1.2328 | 1.2257 | 1.2286 |
| May | 1.2327 | 1.2254 | 1.2300 |
| June | 1.2346 | 1.2265 | 1.2320 |
| July | 1.2361 | 1.2046 | 1.2326 |
| August | 1.2159 | 1.1820 | 1.2012 |
| September | 1.2229 | 1.1820 | 1.2048 |
| October | 1.2433 | 1.1921 | 1.2132 |
| November | 1.1971 | 1.1763 | 1.1857 |
| December | 1.1934 | 1.1780 | 1.1837 |