2024 SAR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SAR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 2312.1603. Conversely, the yearly low was recorded on March 23, dropping to 2281.3923.
This high-to-low spread represents a total annual volatility of 30.7681 GNF. From a start-to-finish perspective, comparing the January average rate of 2291.8932 to the December average rate of 2297.4590, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 2312.1603 was down 1.51% compared to the 2023 peak of 2347.5412, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SAR 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 2292.1206, compared to 2298.1644 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.0437 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 18.5351 GNF (High: 2303.3956 / Low: 2284.8605). On the other end, September was the most stable month, with a tight range of 7.5772 GNF (High: 2306.1561 / Low: 2298.5789).
Growth Streaks & Declines
TrendsBetween 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 3.1134 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 2300.1562) against the same month in 2023 (average: 2292.9772), the exchange rate shifted by +7.1790 (+0.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2299.4366 | 2285.6128 | 2291.8932 |
| February | 2308.7236 | 2290.7375 | 2293.8697 |
| March | 2298.0804 | 2281.3923 | 2291.3102 |
| April | 2298.8410 | 2284.1729 | 2290.4663 |
| May | 2296.3567 | 2282.3238 | 2291.2556 |
| June | 2307.3140 | 2288.9600 | 2293.9288 |
| July | 2305.1796 | 2287.8911 | 2295.0286 |
| August | 2303.3956 | 2284.8605 | 2296.5802 |
| September | 2306.1561 | 2298.5789 | 2302.7195 |
| October | 2312.1603 | 2295.2094 | 2300.1562 |
| November | 2308.0155 | 2289.8666 | 2297.0428 |
| December | 2304.4772 | 2290.7919 | 2297.4590 |