2024 AFN to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AFN to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AFN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 43.6753. Conversely, the yearly low was recorded on February 3, dropping to 36.4502.
This high-to-low spread represents a total annual volatility of 7.2250 CDF. From a start-to-finish perspective, comparing the January average rate of 38.0585 to the December average rate of 41.1223, the exchange rate registered a net change of 8.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.6753 was up 8.84% compared to the 2023 peak of 40.1280, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AFN to CDF 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 38.7026, compared to 41.2301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5274 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 2.2999 CDF (High: 43.6753 / Low: 41.3753). On the other end, July was the most stable month, with a tight range of 0.6967 CDF (High: 40.5677 / Low: 39.8710).
Growth Streaks & Declines
TrendsBetween February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.1473 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 42.5727) against the same month in 2023 (average: 33.3521), the exchange rate shifted by +9.2207 (+27.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 38.8775 | 36.6897 | 38.0585 |
| February | 38.2515 | 36.4502 | 37.6737 |
| March | 38.9926 | 37.9439 | 38.4355 |
| April | 39.4703 | 38.5616 | 38.8882 |
| May | 40.0851 | 38.5063 | 39.0057 |
| June | 40.6500 | 38.9626 | 40.1543 |
| July | 40.5677 | 39.8710 | 40.1888 |
| August | 40.7801 | 39.6124 | 40.2407 |
| September | 42.1323 | 40.0423 | 40.9864 |
| October | 43.6753 | 41.3753 | 42.5727 |
| November | 42.7761 | 41.9116 | 42.2696 |
| December | 42.5333 | 40.4126 | 41.1223 |