2024 GMD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GMD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GMD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 180.5949. Conversely, the yearly low was recorded on December 13, dropping to 34.8963.
This high-to-low spread represents a total annual volatility of 145.6986 SYP. From a start-to-finish perspective, comparing the January average rate of 37.3380 to the December average rate of 86.6868, the exchange rate registered a net change of 132.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 180.5949 was up 326.23% compared to the 2023 peak of 42.3698, 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 SYP 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 37.1081, compared to 44.5688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.4607 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 145.6986 SYP (High: 180.5949 / Low: 34.8963). On the other end, June was the most stable month, with a tight range of 0.0137 SYP (High: 37.0853 / Low: 37.0716).
Growth Streaks & Declines
TrendsBetween March and June, 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 1.0638 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 86.6868) against the same month in 2023 (average: 37.3043), the exchange rate shifted by +49.3825 (+132.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 37.3888 | 37.2641 | 37.3380 |
| February | 37.3472 | 36.9626 | 37.1670 |
| March | 37.0034 | 36.9626 | 36.9863 |
| April | 37.0853 | 36.9762 | 37.0059 |
| May | 37.0853 | 37.0034 | 37.0735 |
| June | 37.0853 | 37.0716 | 37.0778 |
| July | 37.0853 | 36.1515 | 37.0425 |
| August | 36.4135 | 35.3877 | 35.9787 |
| September | 36.6793 | 35.3877 | 36.1221 |
| October | 37.2227 | 35.6387 | 36.2689 |
| November | 35.6387 | 35.1403 | 35.3136 |
| December | 180.5949 | 34.8963 | 86.6868 |