2024 HUF to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 HUF to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the HUF to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 24.8871. Conversely, the yearly low was recorded on December 19, dropping to 21.5943.
This high-to-low spread represents a total annual volatility of 3.2928 GNF. From a start-to-finish perspective, comparing the January average rate of 24.5456 to the December average rate of 21.9376, the exchange rate registered a net change of -10.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.8871 was down 3.93% compared to the 2023 peak of 25.9056, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
HUF to GNF 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 23.8403, compared to 23.3240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5163 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.2669 GNF (High: 23.0833 / Low: 21.8164). On the other end, September was the most stable month, with a tight range of 0.5372 GNF (High: 24.5393 / Low: 24.0021).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 1.0219 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 24.5456) against the same month in 2023 (average: 23.6818), the exchange rate shifted by +0.8637 (+3.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.8871 | 23.9216 | 24.5456 |
| February | 24.4533 | 23.6518 | 23.9331 |
| March | 23.8712 | 23.2558 | 23.6436 |
| April | 23.9067 | 23.0848 | 23.4562 |
| May | 24.3178 | 23.5931 | 23.9881 |
| June | 24.0235 | 23.0833 | 23.4754 |
| July | 24.1196 | 23.3900 | 23.8085 |
| August | 24.5478 | 23.4527 | 24.0662 |
| September | 24.5393 | 24.0021 | 24.3154 |
| October | 24.1182 | 22.9714 | 23.4191 |
| November | 23.0833 | 21.8164 | 22.3973 |
| December | 22.1897 | 21.5943 | 21.9376 |