2024 GMD to MXN Historical Review

YEARLY HIGH

0.2911 MXN

YEARLY LOW

0.2404 MXN

YEARLY AVERAGE

0.2660 MXN

2024 GMD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 0.2911. Conversely, the yearly low was recorded on April 8, dropping to 0.2404.

This high-to-low spread represents a total annual volatility of 0.0507 MXN. From a start-to-finish perspective, comparing the January average rate of 0.2535 to the December average rate of 0.2820, the exchange rate registered a net change of 11.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2911 was down 7.51% compared to the 2023 peak of 0.3147, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 1,455 MXN

2023 Average 1,426 MXN

Yearly Trough Low 1,202 MXN

Transaction Impact: A difference of 253.59 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2895

0.2430

JanuMarcMayJulySeptNove

GMD to MXN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2528, compared to 0.2791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0263 points.

H1 Avg (Jan–Jun) 0.2528

H2 Avg (Jul–Dec) 0.2791

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0264 MXN (High: 0.2769 / Low: 0.2505). On the other end, February was the most stable month, with a tight range of 0.0036 MXN (High: 0.2544 / Low: 0.2508).

June Spread (Volatile) ±0.0264

February Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between July and November, 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 February and March, when the average rate fell by 0.0060 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.2856) against the same month in 2023 (average: 0.2598), the exchange rate shifted by +0.0258 (+9.94%).

2024 Avg (November) 0.2856

2023 Avg (November) 0.2598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2570	0.2503	0.2535
February	0.2544	0.2508	0.2528
March	0.2505	0.2439	0.2468
April	0.2533	0.2404	0.2476
May	0.2512	0.2444	0.2479
June	0.2769	0.2505	0.2684
July	0.2760	0.2601	0.2669
August	0.2819	0.2664	0.2743
September	0.2883	0.2718	0.2817
October	0.2902	0.2774	0.2840
November	0.2911	0.2770	0.2856
December	0.2899	0.2787	0.2820