2024 MDL to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 500.9502. Conversely, the yearly low was recorded on December 28, dropping to 468.7541.
This high-to-low spread represents a total annual volatility of 32.1961 GNF. From a start-to-finish perspective, comparing the January average rate of 487.7816 to the December average rate of 471.1760, the exchange rate registered a net change of -3.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 500.9502 was up 0.66% compared to the 2023 peak of 497.6498, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL 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 485.8085, compared to 485.7002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1084 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 18.9755 GNF (High: 499.4181 / Low: 480.4426). On the other end, December was the most stable month, with a tight range of 4.6886 GNF (High: 473.4427 / Low: 468.7541).
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 10.4163 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 492.8889) against the same month in 2023 (average: 487.1017), the exchange rate shifted by +5.7872 (+1.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 497.5478 | 484.0626 | 487.7816 |
| February | 488.6100 | 480.2317 | 483.2632 |
| March | 489.9824 | 484.0453 | 486.7984 |
| April | 488.7917 | 479.8211 | 484.6986 |
| May | 489.1654 | 484.1151 | 486.6909 |
| June | 490.5039 | 480.7797 | 485.6186 |
| July | 492.1450 | 482.5866 | 486.2655 |
| August | 500.9502 | 485.3924 | 492.8889 |
| September | 500.4870 | 493.5323 | 497.2077 |
| October | 499.4181 | 480.4426 | 488.5396 |
| November | 485.5849 | 470.9808 | 478.1233 |
| December | 473.4427 | 468.7541 | 471.1760 |