2024 GMD to ZAR Historical Review

YEARLY HIGH

0.2870 ZAR

YEARLY LOW

0.2420 ZAR

YEARLY AVERAGE

0.2666 ZAR

2024 GMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.2870. Conversely, the yearly low was recorded on November 7, dropping to 0.2420.

This high-to-low spread represents a total annual volatility of 0.0450 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.2787 to the December average rate of 0.2540, the exchange rate registered a net change of -8.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2870 was down 13.60% compared to the 2023 peak of 0.3322, 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 1,435 ZAR

2023 Average 1,484 ZAR

Yearly Trough Low 1,210 ZAR

Transaction Impact: A difference of 225.01 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2843

0.2495

JanuMarcMayJulySeptNove

GMD to ZAR 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 0.2765, compared to 0.2567 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0198 points.

H1 Avg (Jan–Jun) 0.2765

H2 Avg (Jul–Dec) 0.2567

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0199 ZAR (High: 0.2695 / Low: 0.2496). On the other end, March was the most stable month, with a tight range of 0.0076 ZAR (High: 0.2810 / Low: 0.2734).

August Spread (Volatile) ±0.0199

March Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0101 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.2814) against the same month in 2023 (average: 0.2934), the exchange rate shifted by -0.0120 (-4.09%).

2024 Avg (February) 0.2814

2023 Avg (February) 0.2934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2851	0.2720	0.2787
February	0.2870	0.2757	0.2814
March	0.2810	0.2734	0.2776
April	0.2842	0.2717	0.2782
May	0.2773	0.2665	0.2717
June	0.2798	0.2647	0.2716
July	0.2746	0.2621	0.2688
August	0.2695	0.2496	0.2587
September	0.2572	0.2470	0.2529
October	0.2606	0.2479	0.2537
November	0.2575	0.2420	0.2524
December	0.2625	0.2459	0.2540