2024 GMD to NZD Historical Review

YEARLY HIGH

0.0251 NZD

YEARLY LOW

0.0225 NZD

YEARLY AVERAGE

0.0240 NZD

2024 GMD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 29, valuing the pair at 0.0251. Conversely, the yearly low was recorded on September 30, dropping to 0.0225.

This high-to-low spread represents a total annual volatility of 0.0026 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0241 to the December average rate of 0.0243, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0251 was down 10.83% compared to the 2023 peak of 0.0282, 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 126 NZD

2023 Average 131 NZD

Yearly Trough Low 113 NZD

Transaction Impact: A difference of 12.96 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0249

0.0229

JanuMarcMayJulySeptNove

GMD to NZD 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 0.0243, compared to 0.0238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0243

H2 Avg (Jul–Dec) 0.0238

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0019 NZD (High: 0.0244 / Low: 0.0225). On the other end, June was the most stable month, with a tight range of 0.0005 NZD (High: 0.0243 / Low: 0.0238).

August Spread (Volatile) ±0.0019

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and April, 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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.0244) against the same month in 2023 (average: 0.0269), the exchange rate shifted by -0.0025 (-9.28%).

2024 Avg (July) 0.0244

2023 Avg (July) 0.0269

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0244	0.0235	0.0241
February	0.0245	0.0239	0.0241
March	0.0247	0.0238	0.0242
April	0.0251	0.0243	0.0247
May	0.0249	0.0240	0.0243
June	0.0243	0.0238	0.0241
July	0.0251	0.0240	0.0244
August	0.0244	0.0225	0.0235
September	0.0236	0.0225	0.0231
October	0.0242	0.0228	0.0238
November	0.0242	0.0232	0.0238
December	0.0248	0.0237	0.0243