2024 RSD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RSD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RSD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 82.5983. Conversely, the yearly low was recorded on December 18, dropping to 76.4481.
This high-to-low spread represents a total annual volatility of 6.1502 GNF. From a start-to-finish perspective, comparing the January average rate of 79.9912 to the December average rate of 77.2771, the exchange rate registered a net change of -3.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 82.5983 was up 0.00% compared to the 2023 peak of 82.5956, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RSD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RSD 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 79.3291, compared to 79.8489 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5198 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 3.8984 GNF (High: 80.6080 / Low: 76.7096). On the other end, September was the most stable month, with a tight range of 1.2781 GNF (High: 82.5983 / Low: 81.3202).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.0661 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 82.0144) against the same month in 2023 (average: 78.3312), the exchange rate shifted by +3.6831 (+4.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 81.2832 | 79.2056 | 79.9912 |
| February | 79.8963 | 78.5953 | 79.2321 |
| March | 80.3430 | 78.8938 | 79.7077 |
| April | 79.6662 | 77.8984 | 78.6462 |
| May | 79.8791 | 78.3200 | 79.3116 |
| June | 80.0768 | 78.4752 | 79.0858 |
| July | 80.4869 | 78.8828 | 79.8177 |
| August | 82.5341 | 79.3938 | 81.1855 |
| September | 82.5983 | 81.3202 | 82.0144 |
| October | 81.9968 | 79.4069 | 80.4324 |
| November | 80.6080 | 76.7096 | 78.3662 |
| December | 78.0629 | 76.4481 | 77.2771 |