2024 EGP to XOF Historical Review

YEARLY HIGH

19.8228 XOF

YEARLY LOW

12.0106 XOF

YEARLY AVERAGE

13.7868 XOF

2024 EGP to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 19.8228. Conversely, the yearly low was recorded on August 23, dropping to 12.0106.

This high-to-low spread represents a total annual volatility of 7.8123 XOF. From a start-to-finish perspective, comparing the January average rate of 19.4643 to the December average rate of 12.3881, the exchange rate registered a net change of -36.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.8228 was down 21.04% compared to the 2023 peak of 25.1037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 99,114 XOF

2023 Average 98,970 XOF

Yearly Trough Low 60,053 XOF

Transaction Impact: A difference of 39,061.31 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.4094

11.4193

JanuMarcMayJulySeptNove

EGP to XOF 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 15.2102, compared to 12.3633 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8469 points.

H1 Avg (Jan–Jun) 15.2102

H2 Avg (Jul–Dec) 12.3633

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 7.4629 XOF (High: 19.5945 / Low: 12.1316). On the other end, October was the most stable month, with a tight range of 0.2120 XOF (High: 12.4872 / Low: 12.2752).

March Spread (Volatile) ±7.4629

October Spread (Stable) ±0.2120

Growth Streaks & Declines

Trends

Between 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 5.9282 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.9282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 19.6602) against the same month in 2023 (average: 20.1141), the exchange rate shifted by -0.4539 (-2.26%).

2024 Avg (February) 19.6602

2023 Avg (February) 20.1141

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.6461	19.1524	19.4643
February	19.8228	19.5046	19.6602
March	19.5945	12.1316	13.7320
April	12.9571	12.6748	12.7980
May	12.9517	12.6984	12.8305
June	12.8645	12.6487	12.7763
July	12.6728	12.4399	12.5447
August	12.4897	12.0106	12.1685
September	12.3147	12.0360	12.1869
October	12.4872	12.2752	12.3902
November	12.6815	12.2066	12.5015
December	12.5639	12.2786	12.3881