2024 GMD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 20.5773. Conversely, the yearly low was recorded on August 27, dropping to 18.6953.
This high-to-low spread represents a total annual volatility of 1.8819 KRW. From a start-to-finish perspective, comparing the January average rate of 19.6861 to the December average rate of 20.0625, the exchange rate registered a net change of 1.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.5773 was down 8.64% compared to the 2023 peak of 22.5226, 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 KRW 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 19.9503, compared to 19.6942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2561 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.1631 KRW (High: 19.8584 / Low: 18.6953). On the other end, February was the most stable month, with a tight range of 0.3175 KRW (High: 19.8581 / Low: 19.5405).
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 1.0458 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 20.3872) against the same month in 2023 (average: 21.7803), the exchange rate shifted by -1.3931 (-6.40%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.0032 | 19.0185 | 19.6861 |
| February | 19.8581 | 19.5405 | 19.7112 |
| March | 19.8826 | 19.2927 | 19.6154 |
| April | 20.4899 | 19.8149 | 20.1774 |
| May | 20.4071 | 19.8796 | 20.1244 |
| June | 20.5773 | 20.1475 | 20.3872 |
| July | 20.4995 | 19.6971 | 20.3804 |
| August | 19.8584 | 18.6953 | 19.3346 |
| September | 19.5120 | 18.8126 | 19.1214 |
| October | 19.9807 | 18.9302 | 19.6591 |
| November | 19.7818 | 19.2169 | 19.6069 |
| December | 20.5337 | 19.6561 | 20.0625 |