2024 MXN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 525.0664. Conversely, the yearly low was recorded on December 31, dropping to 414.2021.
This high-to-low spread represents a total annual volatility of 110.8642 GNF. From a start-to-finish perspective, comparing the January average rate of 503.9177 to the December average rate of 426.1619, the exchange rate registered a net change of -15.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 525.0664 was up 1.31% compared to the 2023 peak of 518.2868, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 502.6446, compared to 442.7451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 59.8994 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 47.6091 GNF (High: 506.3730 / Low: 458.7639). On the other end, February was the most stable month, with a tight range of 5.6163 GNF (High: 505.3829 / Low: 499.7666).
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 May and June, when the average rate fell by 38.2496 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 511.1656) against the same month in 2023 (average: 476.0065), the exchange rate shifted by +35.1591 (+7.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 509.4021 | 498.2007 | 503.9177 |
| February | 505.3829 | 499.7666 | 503.3558 |
| March | 518.9873 | 503.9301 | 512.4948 |
| April | 525.0664 | 499.8044 | 511.1656 |
| May | 519.7253 | 504.8488 | 511.5915 |
| June | 506.3730 | 458.7639 | 473.3419 |
| July | 487.9936 | 459.2236 | 475.6461 |
| August | 462.3112 | 435.4173 | 450.0699 |
| September | 452.5252 | 430.2807 | 440.9827 |
| October | 449.4876 | 428.0113 | 439.0795 |
| November | 435.4296 | 416.4429 | 424.5307 |
| December | 430.1805 | 414.2021 | 426.1619 |