2024 INR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 INR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the INR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 104.3117. Conversely, the yearly low was recorded on December 26, dropping to 100.6722.
This high-to-low spread represents a total annual volatility of 3.6395 GNF. From a start-to-finish perspective, comparing the January average rate of 103.4199 to the December average rate of 101.5316, the exchange rate registered a net change of -1.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 104.3117 was down 3.43% compared to the 2023 peak of 108.0149, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 INR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
INR 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 103.2844, compared to 102.5630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7214 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.6061 GNF (High: 103.9614 / Low: 102.3552). On the other end, January was the most stable month, with a tight range of 0.5756 GNF (High: 103.6366 / Low: 103.0610).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.7276 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 103.6803) against the same month in 2023 (average: 104.6247), the exchange rate shifted by -0.9444 (-0.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 103.6366 | 103.0610 | 103.4199 |
| February | 104.3117 | 103.4819 | 103.6803 |
| March | 103.9614 | 102.3552 | 103.4601 |
| April | 103.3359 | 102.5537 | 102.9895 |
| May | 103.5087 | 102.7558 | 103.0879 |
| June | 103.6016 | 102.7899 | 103.0687 |
| July | 103.2635 | 102.6795 | 102.9722 |
| August | 103.0325 | 102.1971 | 102.7323 |
| September | 103.5159 | 102.7298 | 103.1083 |
| October | 103.4244 | 102.4852 | 102.7745 |
| November | 102.7174 | 101.7360 | 102.2592 |
| December | 101.9380 | 100.6722 | 101.5316 |