2024 LRD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 48.1897. Conversely, the yearly low was recorded on September 22, dropping to 43.1987.
This high-to-low spread represents a total annual volatility of 4.9911 GNF. From a start-to-finish perspective, comparing the January average rate of 45.4437 to the December average rate of 47.7959, the exchange rate registered a net change of 5.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 48.1897 was down 15.25% compared to the 2023 peak of 56.8608, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LRD 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 44.7612, compared to 45.2824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5212 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 3.2543 GNF (High: 48.1642 / Low: 44.9099). On the other end, May was the most stable month, with a tight range of 0.2567 GNF (High: 44.4925 / Low: 44.2358).
Growth Streaks & Declines
TrendsBetween August and December, 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 0.5099 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 47.7959) against the same month in 2023 (average: 45.6997), the exchange rate shifted by +2.0962 (+4.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 45.7490 | 45.2143 | 45.4437 |
| February | 45.5503 | 44.8730 | 45.1640 |
| March | 44.8591 | 44.4193 | 44.6542 |
| April | 45.6957 | 44.2403 | 44.5738 |
| May | 44.4925 | 44.2358 | 44.3969 |
| June | 44.5003 | 44.2380 | 44.3349 |
| July | 44.3400 | 44.0430 | 44.1677 |
| August | 44.2685 | 43.3840 | 44.0678 |
| September | 44.5667 | 43.1987 | 44.1830 |
| October | 44.9471 | 44.5918 | 44.8254 |
| November | 48.1642 | 44.9099 | 46.6546 |
| December | 48.1897 | 46.9747 | 47.7959 |