2024 GNF to MXN Historical Review

YEARLY HIGH

0.0024 MXN

YEARLY LOW

0.0019 MXN

YEARLY AVERAGE

0.0021 MXN

2024 GNF to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0024. Conversely, the yearly low was recorded on April 8, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0005 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0020 to the December average rate of 0.0023, the exchange rate registered a net change of 18.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0024 was up 6.93% compared to the 2023 peak of 0.0023, 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 12 MXN

2023 Average 10 MXN

Yearly Trough Low 10 MXN

Transaction Impact: A difference of 2.55 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0024

0.0019

JanuMarcMayJulySeptNove

GNF to MXN 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 0.0020, compared to 0.0023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0020

H2 Avg (Jul–Dec) 0.0023

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0002 MXN (High: 0.0022 / Low: 0.0020). On the other end, February was the most stable month, with a tight range of 0.0000 MXN (High: 0.0020 / Low: 0.0020).

June Spread (Volatile) ±0.0002

February Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0023) against the same month in 2023 (average: 0.0020), the exchange rate shifted by +0.0004 (+17.59%).

2024 Avg (December) 0.0023

2023 Avg (December) 0.0020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0020	0.0020	0.0020
February	0.0020	0.0020	0.0020
March	0.0020	0.0019	0.0020
April	0.0020	0.0019	0.0020
May	0.0020	0.0019	0.0020
June	0.0022	0.0020	0.0021
July	0.0022	0.0020	0.0021
August	0.0023	0.0022	0.0022
September	0.0023	0.0022	0.0023
October	0.0023	0.0022	0.0023
November	0.0024	0.0023	0.0024
December	0.0024	0.0023	0.0023