2024 GNF to ZAR Historical Review

YEARLY HIGH

0.0022 ZAR

YEARLY LOW

0.0020 ZAR

YEARLY AVERAGE

0.0021 ZAR

2024 GNF to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0022. Conversely, the yearly low was recorded on September 29, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0003 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0022 to the December average rate of 0.0021, the exchange rate registered a net change of -3.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0022 was down 2.07% 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 11 ZAR

2023 Average 11 ZAR

Yearly Trough Low 10 ZAR

Transaction Impact: A difference of 1.34 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0022

0.0020

JanuMarcMayJulySeptNove

GNF 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 0.0022, compared to 0.0021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0022

H2 Avg (Jul–Dec) 0.0021

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0001 ZAR (High: 0.0022 / Low: 0.0021). On the other end, October was the most stable month, with a tight range of 0.0001 ZAR (High: 0.0021 / Low: 0.0020).

December Spread (Volatile) ±0.0001

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0022) against the same month in 2023 (average: 0.0021), the exchange rate shifted by +0.0001 (+6.63%).

2024 Avg (February) 0.0022

2023 Avg (February) 0.0021

Monthly Breakdown

Statistical summary for each calendar month.

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