2024 GMD to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 25.7212. Conversely, the yearly low was recorded on December 22, dropping to 23.9876.
This high-to-low spread represents a total annual volatility of 1.7336 MWK. From a start-to-finish perspective, comparing the January average rate of 25.0059 to the December average rate of 24.1414, the exchange rate registered a net change of -3.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 25.7212 was up 1.81% compared to the 2023 peak of 25.2644, 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 MWK 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 25.2727, compared to 24.8140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4587 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.0956 MWK (High: 25.6701 / Low: 24.5745). On the other end, January was the most stable month, with a tight range of 0.1382 MWK (High: 25.0698 / Low: 24.9316).
Growth Streaks & Declines
TrendsBetween February and May, 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 0.7534 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 25.5819) against the same month in 2023 (average: 17.2271), the exchange rate shifted by +8.3547 (+48.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.0698 | 24.9316 | 25.0059 |
| February | 25.1950 | 24.7400 | 24.9026 |
| March | 25.6701 | 24.5745 | 25.0097 |
| April | 25.6406 | 25.4403 | 25.5515 |
| May | 25.6879 | 25.4271 | 25.5849 |
| June | 25.7212 | 25.5314 | 25.5819 |
| July | 25.6199 | 24.9534 | 25.5561 |
| August | 25.1256 | 24.4154 | 24.8027 |
| September | 25.4417 | 24.4256 | 24.9437 |
| October | 25.6987 | 24.6049 | 25.0537 |
| November | 24.6087 | 24.2303 | 24.3865 |
| December | 24.4382 | 23.9876 | 24.1414 |