2024 NPR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NPR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NPR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 65.2547. Conversely, the yearly low was recorded on December 31, dropping to 63.0999.
This high-to-low spread represents a total annual volatility of 2.1548 GNF. From a start-to-finish perspective, comparing the January average rate of 64.6450 to the December average rate of 63.5138, the exchange rate registered a net change of -1.75% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 65.2547 was down 3.27% compared to the 2023 peak of 67.4586, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NPR 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 64.5712, compared to 64.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4505 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.1521 GNF (High: 65.2547 / Low: 64.1026). On the other end, August was the most stable month, with a tight range of 0.3260 GNF (High: 64.4559 / Low: 64.1299).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4154 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 64.7242) against the same month in 2023 (average: 65.6625), the exchange rate shifted by -0.9383 (-1.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 64.8784 | 63.9699 | 64.6450 |
| February | 64.9415 | 64.6152 | 64.7716 |
| March | 65.2547 | 64.1026 | 64.7242 |
| April | 64.6203 | 64.1570 | 64.4224 |
| May | 64.6667 | 64.0147 | 64.4312 |
| June | 64.6821 | 64.2857 | 64.4331 |
| July | 64.6157 | 64.2021 | 64.3848 |
| August | 64.4559 | 64.1299 | 64.2567 |
| September | 64.7169 | 64.1946 | 64.4298 |
| October | 64.7397 | 64.0785 | 64.2100 |
| November | 64.1853 | 63.6875 | 63.9292 |
| December | 63.7275 | 63.0999 | 63.5138 |