2024 MXN to GYD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to GYD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 12.8339. Conversely, the yearly low was recorded on December 31, dropping to 10.0210.
This high-to-low spread represents a total annual volatility of 2.8128 GYD. From a start-to-finish perspective, comparing the January average rate of 12.2696 to the December average rate of 10.3258, the exchange rate registered a net change of -15.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 12.8339 was up 2.25% compared to the 2023 peak of 12.5508, 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 GYD 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 12.2360, compared to 10.7357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5003 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.1711 GYD (High: 12.3229 / Low: 11.1518). On the other end, February was the most stable month, with a tight range of 0.1481 GYD (High: 12.3082 / Low: 12.1601).
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 0.9447 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 12.4853) against the same month in 2023 (average: 11.4504), the exchange rate shifted by +1.0349 (+9.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.4200 | 12.0909 | 12.2696 |
| February | 12.3082 | 12.1601 | 12.2469 |
| March | 12.8339 | 12.2573 | 12.4853 |
| April | 12.7807 | 12.1615 | 12.4507 |
| May | 12.6500 | 12.2829 | 12.4541 |
| June | 12.3229 | 11.1518 | 11.5094 |
| July | 11.8666 | 11.1496 | 11.5556 |
| August | 11.2147 | 10.5695 | 10.9173 |
| September | 10.9585 | 10.4160 | 10.6789 |
| October | 10.8944 | 10.3835 | 10.6403 |
| November | 10.5598 | 10.0929 | 10.2962 |
| December | 10.4173 | 10.0210 | 10.3258 |