2024 MYR to GNF Historical Review

YEARLY HIGH

2094.6836 GNF

YEARLY LOW

1788.6683 GNF

YEARLY AVERAGE

1885.4931 GNF

2024 MYR to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2094.6836. Conversely, the yearly low was recorded on April 17, dropping to 1788.6683.

This high-to-low spread represents a total annual volatility of 306.0153 GNF. From a start-to-finish perspective, comparing the January average rate of 1835.7689 to the December average rate of 1934.6985, the exchange rate registered a net change of 5.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2094.6836 was up 1.02% compared to the 2023 peak of 2073.5156, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 41,893,671 GNF

2023 Average 37,833,882 GNF

Yearly Trough Low 35,773,365 GNF

Transaction Impact: A difference of 6,120,305.91 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2052.0149

1780.3026

JanuMarcMayJulySeptNove

MYR to GNF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1818.9116, compared to 1952.0746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 133.1630 points.

H1 Avg (Jan–Jun) 1818.9116

H2 Avg (Jul–Dec) 1952.0746

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 118.8783 GNF (High: 2004.4843 / Low: 1885.6060). On the other end, June was the most stable month, with a tight range of 24.9187 GNF (High: 1844.7278 / Low: 1819.8092).

August Spread (Volatile) ±118.8783

June Spread (Stable) ±24.9187

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 63.9511 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -63.9511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2029.3722) against the same month in 2023 (average: 1838.3518), the exchange rate shifted by +191.0204 (+10.39%).

2024 Avg (September) 2029.3722

2023 Avg (September) 1838.3518

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1876.5059	1816.4123	1835.7689
February	1835.2872	1791.3577	1804.8207
March	1837.8743	1806.0719	1821.3898
April	1816.9184	1788.6683	1802.9453
May	1836.9514	1800.9406	1821.8902
June	1844.7278	1819.8092	1826.6549
July	1875.4888	1823.0800	1838.9614
August	2004.4843	1885.6060	1952.5212
September	2094.6836	1977.2399	2029.3722
October	2083.0868	1971.1609	2010.4228
November	1987.9350	1920.4553	1946.4716
December	1952.9887	1908.8110	1934.6985