2024 TOP to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 3717.5981. Conversely, the yearly low was recorded on April 29, dropping to 3547.7561.
This high-to-low spread represents a total annual volatility of 169.8420 GNF. From a start-to-finish perspective, comparing the January average rate of 3649.0127 to the December average rate of 3604.3227, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 3717.5981 was down 2.31% compared to the 2023 peak of 3805.4054, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TOP 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 3631.6177, compared to 3639.5048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.8871 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 104.1787 GNF (High: 3696.2941 / Low: 3592.1154). On the other end, December was the most stable month, with a tight range of 20.4982 GNF (High: 3614.0718 / Low: 3593.5736).
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 October and November, when the average rate fell by 48.1734 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 3656.2817) against the same month in 2023 (average: 3587.5913), the exchange rate shifted by +68.6904 (+1.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3699.6578 | 3628.3859 | 3649.0127 |
| February | 3663.7619 | 3588.9312 | 3633.1407 |
| March | 3649.0516 | 3606.6966 | 3628.3315 |
| April | 3633.1326 | 3547.7561 | 3603.2658 |
| May | 3652.3177 | 3592.2924 | 3628.5989 |
| June | 3678.3164 | 3638.0344 | 3647.3568 |
| July | 3659.3531 | 3607.8452 | 3638.2106 |
| August | 3696.2941 | 3592.1154 | 3645.1865 |
| September | 3699.1116 | 3670.8904 | 3684.9192 |
| October | 3717.5981 | 3617.5911 | 3656.2817 |
| November | 3637.4656 | 3583.5971 | 3608.1083 |
| December | 3614.0718 | 3593.5736 | 3604.3227 |