2024 PEN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 2342.0434. Conversely, the yearly low was recorded on February 14, dropping to 2216.7282.
This high-to-low spread represents a total annual volatility of 125.3152 GNF. From a start-to-finish perspective, comparing the January average rate of 2303.6865 to the December average rate of 2312.8270, the exchange rate registered a net change of 0.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 2342.0434 was down 3.24% compared to the 2023 peak of 2420.3768, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN 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 2292.3122, compared to 2297.4462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.1340 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 79.8703 GNF (High: 2318.7100 / Low: 2238.8397). On the other end, December was the most stable month, with a tight range of 25.5976 GNF (High: 2324.4509 / Low: 2298.8533).
Growth Streaks & Declines
TrendsBetween June and August, 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 January and February, when the average rate fell by 56.7316 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 2313.3092) against the same month in 2023 (average: 2286.6147), the exchange rate shifted by +26.6945 (+1.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2329.2639 | 2255.5183 | 2303.6865 |
| February | 2274.8207 | 2216.7282 | 2246.9549 |
| March | 2342.0434 | 2272.2469 | 2313.3092 |
| April | 2335.3817 | 2280.3135 | 2312.2233 |
| May | 2328.2701 | 2283.5145 | 2303.1062 |
| June | 2305.5036 | 2245.2757 | 2274.5930 |
| July | 2318.7100 | 2238.8397 | 2287.4744 |
| August | 2324.1248 | 2298.4781 | 2307.2930 |
| September | 2322.7741 | 2264.8315 | 2292.3783 |
| October | 2340.5590 | 2287.2372 | 2302.9329 |
| November | 2301.2129 | 2265.9854 | 2281.7717 |
| December | 2324.4509 | 2298.8533 | 2312.8270 |