2024 BOB to AED Historical Review

YEARLY HIGH

0.5364 AED

YEARLY LOW

0.5267 AED

YEARLY AVERAGE

0.5314 AED

2024 BOB to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 0.5364. Conversely, the yearly low was recorded on February 4, dropping to 0.5267.

This high-to-low spread represents a total annual volatility of 0.0097 AED. From a start-to-finish perspective, comparing the January average rate of 0.5316 to the December average rate of 0.5316, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5364 was down 0.50% compared to the 2023 peak of 0.5391, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BOB based on timing:

Yearly Peak High 2,682 AED

2023 Average 2,659 AED

Yearly Trough Low 2,633 AED

Transaction Impact: A difference of 48.39 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5320

0.5305

JanuMarcMayJulySeptNove

BOB to AED Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.5314, compared to 0.5313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.5314

H2 Avg (Jul–Dec) 0.5313

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0066 AED (High: 0.5364 / Low: 0.5297). On the other end, July was the most stable month, with a tight range of 0.0020 AED (High: 0.5331 / Low: 0.5311).

August Spread (Volatile) ±0.0066

July Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5319) against the same month in 2023 (average: 0.5316), the exchange rate shifted by +0.0004 (+0.07%).

2024 Avg (August) 0.5319

2023 Avg (August) 0.5316

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5330	0.5300	0.5316
February	0.5326	0.5267	0.5313
March	0.5339	0.5294	0.5315
April	0.5322	0.5283	0.5307
May	0.5344	0.5306	0.5316
June	0.5328	0.5281	0.5315
July	0.5331	0.5311	0.5317
August	0.5364	0.5297	0.5319
September	0.5328	0.5294	0.5313
October	0.5320	0.5293	0.5308
November	0.5340	0.5274	0.5308
December	0.5337	0.5298	0.5316