2024 GNF to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GNF to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GNF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 4.9202. Conversely, the yearly low was recorded on October 1, dropping to 4.8516.
This high-to-low spread represents a total annual volatility of 0.0687 IRR. From a start-to-finish perspective, comparing the January average rate of 4.8922 to the December average rate of 4.8877, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 4.9202 was down 1.12% compared to the 2023 peak of 4.9757, 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 IRR 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 4.8935, compared to 4.8817 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0118 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.0497 IRR (High: 4.9202 / Low: 4.8705). On the other end, April was the most stable month, with a tight range of 0.0204 IRR (High: 4.9098 / Low: 4.8893).
Growth Streaks & Declines
TrendsBetween February and May, 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 August and September, when the average rate fell by 0.0122 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 4.8852) against the same month in 2023 (average: 4.9099), the exchange rate shifted by -0.0247 (-0.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.9059 | 4.8747 | 4.8922 |
| February | 4.8991 | 4.8568 | 4.8869 |
| March | 4.9128 | 4.8776 | 4.8924 |
| April | 4.9098 | 4.8893 | 4.8973 |
| May | 4.9141 | 4.8838 | 4.8980 |
| June | 4.9132 | 4.8650 | 4.8944 |
| July | 4.9116 | 4.8677 | 4.8908 |
| August | 4.9202 | 4.8705 | 4.8852 |
| September | 4.8979 | 4.8631 | 4.8730 |
| October | 4.8887 | 4.8516 | 4.8742 |
| November | 4.8948 | 4.8556 | 4.8793 |
| December | 4.9100 | 4.8737 | 4.8877 |