2024 CAD to SAR Historical Review

YEARLY HIGH

2.8314 SAR

YEARLY LOW

2.5978 SAR

YEARLY AVERAGE

2.7389 SAR

2024 CAD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.8314. Conversely, the yearly low was recorded on December 18, dropping to 2.5978.

This high-to-low spread represents a total annual volatility of 0.2336 SAR. From a start-to-finish perspective, comparing the January average rate of 2.7950 to the December average rate of 2.6343, the exchange rate registered a net change of -5.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8314 was down 1.04% compared to the 2023 peak of 2.8612, 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 14,157 SAR

2023 Average 13,896 SAR

Yearly Trough Low 12,989 SAR

Transaction Impact: A difference of 1,167.92 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8110

2.6182

JanuMarcMayJulySeptNove

CAD to SAR 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 2.7611, compared to 2.7167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0444 points.

H1 Avg (Jan–Jun) 2.7611

H2 Avg (Jul–Dec) 2.7167

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0937 SAR (High: 2.7902 / Low: 2.6965). On the other end, May was the most stable month, with a tight range of 0.0272 SAR (High: 2.7580 / Low: 2.7309).

August Spread (Volatile) ±0.0937

May Spread (Stable) ±0.0272

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 0.0517 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0517

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.7950) against the same month in 2023 (average: 2.7990), the exchange rate shifted by -0.0041 (-0.15%).

2024 Avg (January) 2.7950

2023 Avg (January) 2.7990

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8314	2.7726	2.7950
February	2.8018	2.7624	2.7790
March	2.7879	2.7517	2.7697
April	2.7734	2.7140	2.7418
May	2.7580	2.7309	2.7441
June	2.7519	2.7222	2.7368
July	2.7549	2.7073	2.7351
August	2.7902	2.6965	2.7458
September	2.7954	2.7568	2.7696
October	2.7803	2.6949	2.7293
November	2.7153	2.6636	2.6859
December	2.6805	2.5978	2.6343