2024 CVE to AED Historical Review

YEARLY HIGH

0.0373 AED

YEARLY LOW

0.0346 AED

YEARLY AVERAGE

0.0360 AED

2024 CVE to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0373. Conversely, the yearly low was recorded on December 20, dropping to 0.0346.

This high-to-low spread represents a total annual volatility of 0.0027 AED. From a start-to-finish perspective, comparing the January average rate of 0.0363 to the December average rate of 0.0349, the exchange rate registered a net change of -3.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0373 was down 0.55% compared to the 2023 peak of 0.0375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 186 AED

2023 Average 180 AED

Yearly Trough Low 173 AED

Transaction Impact: A difference of 13.56 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0372

0.0347

JanuMarcMayJulySeptNove

CVE to AED 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 0.0360, compared to 0.0360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0360

H2 Avg (Jul–Dec) 0.0360

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0016 AED (High: 0.0363 / Low: 0.0347). On the other end, February was the most stable month, with a tight range of 0.0005 AED (High: 0.0361 / Low: 0.0356).

November Spread (Volatile) ±0.0016

February Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0366) against the same month in 2023 (average: 0.0363), the exchange rate shifted by +0.0003 (+0.79%).

2024 Avg (August) 0.0366

2023 Avg (August) 0.0363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0368	0.0361	0.0363
February	0.0361	0.0356	0.0359
March	0.0365	0.0359	0.0362
April	0.0362	0.0354	0.0358
May	0.0363	0.0354	0.0360
June	0.0363	0.0355	0.0358
July	0.0364	0.0356	0.0361
August	0.0373	0.0358	0.0366
September	0.0372	0.0367	0.0370
October	0.0369	0.0359	0.0363
November	0.0363	0.0347	0.0354
December	0.0353	0.0346	0.0349