2024 GMD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 327.3801. Conversely, the yearly low was recorded on December 22, dropping to 302.7984.
This high-to-low spread represents a total annual volatility of 24.5816 LAK. From a start-to-finish perspective, comparing the January average rate of 306.8458 to the December average rate of 304.8357, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 327.3801 was down 0.70% compared to the 2023 peak of 329.6970, 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 LAK 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 312.1756, compared to 315.2550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0794 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 16.2831 LAK (High: 327.1897 / Low: 310.9066). On the other end, January was the most stable month, with a tight range of 2.7095 LAK (High: 308.0940 / Low: 305.3844).
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 9.6050 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 326.3612) against the same month in 2023 (average: 320.3469), the exchange rate shifted by +6.0143 (+1.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 308.0940 | 305.3844 | 306.8458 |
| February | 310.8058 | 306.7284 | 308.3667 |
| March | 310.6315 | 305.7474 | 308.0109 |
| April | 315.1143 | 310.7240 | 312.8856 |
| May | 317.2138 | 313.0723 | 315.1493 |
| June | 325.7461 | 316.7899 | 321.7955 |
| July | 327.3801 | 319.1646 | 326.3612 |
| August | 321.5379 | 310.8918 | 316.7562 |
| September | 323.9883 | 311.2853 | 317.7426 |
| October | 327.1897 | 310.9066 | 317.3763 |
| November | 311.1585 | 305.9092 | 308.4581 |
| December | 309.2302 | 302.7984 | 304.8357 |