2024 AZN to SCR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AZN to SCR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AZN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 8.8760. Conversely, the yearly low was recorded on September 24, dropping to 7.5396.
This high-to-low spread represents a total annual volatility of 1.3364 SCR. From a start-to-finish perspective, comparing the January average rate of 7.8703 to the December average rate of 8.3046, the exchange rate registered a net change of 5.52% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.8760 was up 6.49% compared to the 2023 peak of 8.3351, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AZN to SCR 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 7.9888, compared to 8.0945 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1058 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.2922 SCR (High: 8.8346 / Low: 7.5425). On the other end, May was the most stable month, with a tight range of 0.2462 SCR (High: 8.1401 / Low: 7.8939).
Growth Streaks & Declines
TrendsBetween January and June, 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 August and September, when the average rate fell by 0.1685 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 8.3046) against the same month in 2023 (average: 7.9027), the exchange rate shifted by +0.4019 (+5.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.1657 | 7.6824 | 7.8703 |
| February | 8.1289 | 7.7557 | 7.9168 |
| March | 8.3766 | 7.8421 | 7.9931 |
| April | 8.4510 | 7.8632 | 7.9932 |
| May | 8.1401 | 7.8939 | 8.0334 |
| June | 8.6362 | 7.9768 | 8.1257 |
| July | 8.3007 | 7.9461 | 8.1153 |
| August | 8.8346 | 7.5425 | 8.0796 |
| September | 8.2112 | 7.5396 | 7.9111 |
| October | 8.8511 | 7.6922 | 8.0681 |
| November | 8.4120 | 7.8802 | 8.0885 |
| December | 8.8760 | 7.8266 | 8.3046 |