2024 GTQ to ZAR Historical Review

YEARLY HIGH

2.4862 ZAR

YEARLY LOW

2.2112 ZAR

YEARLY AVERAGE

2.3617 ZAR

2024 GTQ to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GTQ to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 2.4862. Conversely, the yearly low was recorded on September 29, dropping to 2.2112.

This high-to-low spread represents a total annual volatility of 0.2751 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.3985 to the December average rate of 2.3674, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4862 was down 1.94% compared to the 2023 peak of 2.5355, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,431 ZAR

2023 Average 11,785 ZAR

Yearly Trough Low 11,056 ZAR

Transaction Impact: A difference of 1,375.27 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4517

2.2543

JanuMarcMayJulySeptNove

GTQ 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 2.4032, compared to 2.3202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0830 points.

H1 Avg (Jan–Jun) 2.4032

H2 Avg (Jul–Dec) 2.3202

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1511 ZAR (High: 2.4513 / Low: 2.3002). On the other end, October was the most stable month, with a tight range of 0.0627 ZAR (High: 2.3012 / Low: 2.2385).

December Spread (Volatile) ±0.1511

October Spread (Stable) ±0.0627

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 0.0594 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0594

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.4275) against the same month in 2023 (average: 2.3318), the exchange rate shifted by +0.0957 (+4.11%).

2024 Avg (April) 2.4275

2023 Avg (April) 2.3318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4562	2.3361	2.3985
February	2.4757	2.3849	2.4353
March	2.4545	2.3781	2.4177
April	2.4862	2.3693	2.4275
May	2.4203	2.3262	2.3703
June	2.4446	2.3104	2.3700
July	2.3947	2.3128	2.3492
August	2.4155	2.2863	2.3340
September	2.3234	2.2112	2.2746
October	2.3012	2.2385	2.2708
November	2.3677	2.2429	2.3253
December	2.4513	2.3002	2.3674