2024 GNF to KES Historical Review

YEARLY HIGH

0.0190 KES

YEARLY LOW

0.0148 KES

YEARLY AVERAGE

0.0156 KES

2024 GNF to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.0190. Conversely, the yearly low was recorded on July 16, dropping to 0.0148.

This high-to-low spread represents a total annual volatility of 0.0042 KES. From a start-to-finish perspective, comparing the January average rate of 0.0186 to the December average rate of 0.0150, the exchange rate registered a net change of -19.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0190 was up 4.12% compared to the 2023 peak of 0.0183, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GNF based on timing:

Yearly Peak High 95 KES

2023 Average 81 KES

Yearly Trough Low 74 KES

Transaction Impact: A difference of 21.04 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0190

0.0146

JanuMarcMayJulySeptNove

GNF to KES 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 0.0163, compared to 0.0150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0163

H2 Avg (Jul–Dec) 0.0150

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0024 KES (High: 0.0190 / Low: 0.0166). On the other end, September was the most stable month, with a tight range of 0.0001 KES (High: 0.0150 / Low: 0.0149).

February Spread (Volatile) ±0.0024

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0186) against the same month in 2023 (average: 0.0143), the exchange rate shifted by +0.0043 (+29.97%).

2024 Avg (January) 0.0186

2023 Avg (January) 0.0143

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0190	0.0182	0.0186
February	0.0190	0.0166	0.0177
March	0.0171	0.0154	0.0160
April	0.0156	0.0148	0.0153
May	0.0157	0.0149	0.0153
June	0.0153	0.0149	0.0151
July	0.0153	0.0148	0.0150
August	0.0151	0.0149	0.0150
September	0.0150	0.0149	0.0149
October	0.0150	0.0149	0.0149
November	0.0151	0.0149	0.0150
December	0.0150	0.0149	0.0150