2024 GNF to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GNF to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GNF to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 1.9196. Conversely, the yearly low was recorded on September 24, dropping to 1.7519.
This high-to-low spread represents a total annual volatility of 0.1677 IDR. From a start-to-finish perspective, comparing the January average rate of 1.8174 to the December average rate of 1.8616, the exchange rate registered a net change of 2.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.9196 was up 3.43% compared to the 2023 peak of 1.8559, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GNF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GNF to IDR 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 1.8522, compared to 1.8326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0196 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.1062 IDR (High: 1.8906 / Low: 1.7844). On the other end, February was the most stable month, with a tight range of 0.0220 IDR (High: 1.8331 / Low: 1.8111).
Growth Streaks & Declines
TrendsBetween 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 0.0589 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 1.9017) against the same month in 2023 (average: 1.7329), the exchange rate shifted by +0.1688 (+9.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8427 | 1.7849 | 1.8174 |
| February | 1.8331 | 1.8111 | 1.8208 |
| March | 1.8500 | 1.8065 | 1.8289 |
| April | 1.9017 | 1.8497 | 1.8749 |
| May | 1.8912 | 1.8537 | 1.8694 |
| June | 1.9196 | 1.8810 | 1.9017 |
| July | 1.9064 | 1.8715 | 1.8875 |
| August | 1.8906 | 1.7844 | 1.8286 |
| September | 1.8017 | 1.7519 | 1.7744 |
| October | 1.8282 | 1.7615 | 1.8070 |
| November | 1.8523 | 1.8059 | 1.8362 |
| December | 1.8908 | 1.8376 | 1.8616 |