2024 CAD to MDL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to MDL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 13.2648. Conversely, the yearly low was recorded on December 18, dropping to 12.6536.
This high-to-low spread represents a total annual volatility of 0.6111 MDL. From a start-to-finish perspective, comparing the January average rate of 13.1327 to the December average rate of 12.8446, the exchange rate registered a net change of -2.19% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 13.2648 was down 7.31% compared to the 2023 peak of 14.3114, 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 MDL 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 13.0274, compared to 12.8550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1724 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.3794 MDL (High: 13.0330 / Low: 12.6536). On the other end, March was the most stable month, with a tight range of 0.1794 MDL (High: 13.1359 / Low: 12.9565).
Growth Streaks & Declines
TrendsBetween August and November, 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 February and March, when the average rate fell by 0.1545 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 13.1912) against the same month in 2023 (average: 13.9487), the exchange rate shifted by -0.7575 (-5.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 13.2278 | 12.9858 | 13.1327 |
| February | 13.2648 | 13.0616 | 13.1912 |
| March | 13.1359 | 12.9565 | 13.0367 |
| April | 13.0579 | 12.7811 | 12.9566 |
| May | 13.0226 | 12.8299 | 12.9188 |
| June | 13.0789 | 12.7382 | 12.9283 |
| July | 13.0661 | 12.7468 | 12.9089 |
| August | 13.0311 | 12.6989 | 12.7940 |
| September | 12.9735 | 12.6978 | 12.8270 |
| October | 12.9714 | 12.7356 | 12.8503 |
| November | 13.0832 | 12.7399 | 12.9049 |
| December | 13.0330 | 12.6536 | 12.8446 |