2024 FKP to NAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to NAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 24.5085. Conversely, the yearly low was recorded on December 12, dropping to 22.3868.
This high-to-low spread represents a total annual volatility of 2.1217 NAD. From a start-to-finish perspective, comparing the January average rate of 23.8734 to the December average rate of 23.0262, the exchange rate registered a net change of -3.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.5085 was down 2.57% compared to the 2023 peak of 25.1555, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP to NAD 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 23.6792, compared to 23.1519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5273 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 1.6289 NAD (High: 24.2309 / Low: 22.6020). On the other end, October was the most stable month, with a tight range of 0.3817 NAD (High: 23.0890 / Low: 22.7073).
Growth Streaks & Declines
TrendsBetween May and July, 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 April and May, when the average rate fell by 0.3968 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 23.9668) against the same month in 2023 (average: 21.5699), the exchange rate shifted by +2.3969 (+11.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.3620 | 23.3820 | 23.8734 |
| February | 24.5085 | 23.4974 | 23.9668 |
| March | 24.2032 | 23.7023 | 23.9585 |
| April | 23.9503 | 23.1956 | 23.6278 |
| May | 23.5036 | 22.9926 | 23.2310 |
| June | 24.2309 | 22.6020 | 23.4175 |
| July | 23.7324 | 22.9533 | 23.4693 |
| August | 23.7494 | 23.1083 | 23.3439 |
| September | 23.5697 | 22.9763 | 23.2890 |
| October | 23.0890 | 22.7073 | 22.9272 |
| November | 23.1126 | 22.6207 | 22.8557 |
| December | 23.6080 | 22.3868 | 23.0262 |