2024 NZD to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 44.4136. Conversely, the yearly low was recorded on July 29, dropping to 39.8297.
This high-to-low spread represents a total annual volatility of 4.5839 GMD. From a start-to-finish perspective, comparing the January average rate of 41.5486 to the December average rate of 41.2061, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 44.4136 was up 3.85% compared to the 2023 peak of 42.7687, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD to GMD 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 41.2291, compared to 42.0132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7840 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 3.3970 GMD (High: 44.3537 / Low: 40.9567). On the other end, June was the most stable month, with a tight range of 0.8024 GMD (High: 41.9964 / Low: 41.1940).
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 September and October, when the average rate fell by 1.2173 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 43.3126) against the same month in 2023 (average: 36.6491), the exchange rate shifted by +6.6635 (+18.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.5181 | 40.9194 | 41.5486 |
| February | 41.8902 | 40.7954 | 41.4275 |
| March | 41.9809 | 40.5159 | 41.2711 |
| April | 41.1834 | 39.8347 | 40.4218 |
| May | 41.6896 | 40.1967 | 41.1400 |
| June | 41.9964 | 41.1940 | 41.5658 |
| July | 41.6053 | 39.8297 | 40.9212 |
| August | 44.3537 | 40.9567 | 42.5089 |
| September | 44.4136 | 42.4155 | 43.3126 |
| October | 43.8090 | 41.3815 | 42.0954 |
| November | 43.0544 | 41.2517 | 42.0348 |
| December | 42.1787 | 40.2688 | 41.2061 |