2024 CAD to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 55.8445. Conversely, the yearly low was recorded on October 17, dropping to 47.1790.
This high-to-low spread represents a total annual volatility of 8.6655 AFN. From a start-to-finish perspective, comparing the January average rate of 53.3115 to the December average rate of 48.6785, the exchange rate registered a net change of -8.69% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 55.8445 was down 18.26% compared to the 2023 peak of 68.3185, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD to AFN 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 52.8694, compared to 50.0923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7771 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 3.5852 AFN (High: 50.7642 / Low: 47.1790). On the other end, July was the most stable month, with a tight range of 1.3565 AFN (High: 52.2297 / Low: 50.8732).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 2.5386 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 54.2217) against the same month in 2023 (average: 66.6236), the exchange rate shifted by -12.4020 (-18.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 55.3362 | 52.2791 | 53.3115 |
| February | 55.8445 | 53.4932 | 54.2217 |
| March | 54.0239 | 52.0893 | 53.3073 |
| April | 53.2288 | 51.6698 | 52.4743 |
| May | 52.9911 | 51.5971 | 52.4410 |
| June | 52.5918 | 50.7272 | 51.4604 |
| July | 52.2297 | 50.8732 | 51.5957 |
| August | 52.7588 | 50.7050 | 51.8083 |
| September | 52.3548 | 50.2828 | 51.3036 |
| October | 50.7642 | 47.1790 | 48.7650 |
| November | 49.1286 | 47.5194 | 48.4026 |
| December | 49.4951 | 47.6644 | 48.6785 |