2024 CAD to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 62.8213. Conversely, the yearly low was recorded on December 18, dropping to 58.8883.
This high-to-low spread represents a total annual volatility of 3.9330 INR. From a start-to-finish perspective, comparing the January average rate of 61.9392 to the December average rate of 59.6073, the exchange rate registered a net change of -3.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 62.8213 was down 0.37% compared to the 2023 peak of 63.0528, 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 INR 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 61.2736, compared to 60.8699 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4038 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.0884 INR (High: 62.4058 / Low: 60.3174). On the other end, June was the most stable month, with a tight range of 0.6473 INR (High: 61.2729 / Low: 60.6256).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7718 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 61.9392) against the same month in 2023 (average: 60.8980), the exchange rate shifted by +1.0412 (+1.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 62.8213 | 61.4416 | 61.9392 |
| February | 61.9671 | 61.0643 | 61.4848 |
| March | 61.7220 | 60.9852 | 61.3403 |
| April | 61.6463 | 60.5345 | 60.9761 |
| May | 61.3353 | 60.6478 | 60.9910 |
| June | 61.2729 | 60.6256 | 60.9105 |
| July | 61.3219 | 60.4391 | 60.9582 |
| August | 62.4058 | 60.3174 | 61.3834 |
| September | 62.2847 | 61.4623 | 61.8540 |
| October | 62.1571 | 60.3454 | 61.0822 |
| November | 60.8007 | 59.7975 | 60.3339 |
| December | 60.4047 | 58.8883 | 59.6073 |