2024 CAD to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 452.5515. Conversely, the yearly low was recorded on November 2, dropping to 431.8644.
This high-to-low spread represents a total annual volatility of 20.6871 XAF. From a start-to-finish perspective, comparing the January average rate of 448.0865 to the December average rate of 439.2355, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 452.5515 was down 2.15% compared to the 2023 peak of 462.4940, 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 XAF 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 446.6337, compared to 438.3265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.3072 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 17.3703 XAF (High: 449.2347 / Low: 431.8644). On the other end, April was the most stable month, with a tight range of 5.1188 XAF (High: 450.0893 / Low: 444.9705).
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 July and August, when the average rate fell by 5.2334 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 450.3109) against the same month in 2023 (average: 455.4604), the exchange rate shifted by -5.1495 (-1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 451.9831 | 445.6839 | 448.0865 |
| February | 452.5515 | 445.7376 | 450.3109 |
| March | 449.5810 | 443.0998 | 445.6177 |
| April | 450.0893 | 444.9705 | 447.2261 |
| May | 447.2750 | 441.5193 | 443.8363 |
| June | 448.3471 | 440.5422 | 444.7245 |
| July | 446.2024 | 436.2537 | 440.6384 |
| August | 439.5256 | 432.7904 | 435.4050 |
| September | 440.2179 | 432.1124 | 435.7868 |
| October | 440.1823 | 432.4894 | 437.4717 |
| November | 449.2347 | 431.8644 | 441.4214 |
| December | 444.7088 | 436.2387 | 439.2355 |