2024 CAD to AED Historical Review

YEARLY HIGH

2.7731 AED

YEARLY LOW

2.5397 AED

YEARLY AVERAGE

2.6810 AED

2024 CAD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.7731. Conversely, the yearly low was recorded on December 18, dropping to 2.5397.

This high-to-low spread represents a total annual volatility of 0.2334 AED. From a start-to-finish perspective, comparing the January average rate of 2.7373 to the December average rate of 2.5756, the exchange rate registered a net change of -5.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7731 was down 1.00% compared to the 2023 peak of 2.8011, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,866 AED

2023 Average 13,604 AED

Yearly Trough Low 12,699 AED

Transaction Impact: A difference of 1,166.98 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7535

2.5595

JanuMarcMayJulySeptNove

CAD 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 2.7039, compared to 2.6581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0457 points.

H1 Avg (Jan–Jun) 2.7039

H2 Avg (Jul–Dec) 2.6581

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0861 AED (High: 2.7218 / Low: 2.6358). On the other end, May was the most stable month, with a tight range of 0.0267 AED (High: 2.7011 / Low: 2.6744).

October Spread (Volatile) ±0.0861

May Spread (Stable) ±0.0267

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.0512 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0512

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.7373) against the same month in 2023 (average: 2.7370), the exchange rate shifted by +0.0004 (+0.01%).

2024 Avg (January) 2.7373

2023 Avg (January) 2.7370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7731	2.7155	2.7373
February	2.7442	2.7051	2.7218
March	2.7301	2.6952	2.7123
April	2.7155	2.6571	2.6846
May	2.7011	2.6744	2.6874
June	2.6968	2.6659	2.6799
July	2.6977	2.6507	2.6781
August	2.7313	2.6458	2.6877
September	2.7368	2.6987	2.7111
October	2.7218	2.6358	2.6695
November	2.6549	2.6046	2.6268
December	2.6210	2.5397	2.5756