2024 GMD to XOF Historical Review

YEARLY HIGH

9.1026 XOF

YEARLY LOW

8.2662 XOF

YEARLY AVERAGE

8.8142 XOF

2024 GMD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 9.1026. Conversely, the yearly low was recorded on August 27, dropping to 8.2662.

This high-to-low spread represents a total annual volatility of 0.8364 XOF. From a start-to-finish perspective, comparing the January average rate of 8.9348 to the December average rate of 8.7229, the exchange rate registered a net change of -2.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.1026 was down 11.69% compared to the 2023 peak of 10.3074, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 45,513 XOF

2023 Average 48,732 XOF

Yearly Trough Low 41,331 XOF

Transaction Impact: A difference of 4,182.01 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.0638

8.4355

JanuMarcMayJulySeptNove

GMD 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 8.9606, compared to 8.6678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2929 points.

H1 Avg (Jan–Jun) 8.9606

H2 Avg (Jul–Dec) 8.6678

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.5473 XOF (High: 8.8135 / Low: 8.2662). On the other end, March was the most stable month, with a tight range of 0.1353 XOF (High: 8.9504 / Low: 8.8151).

August Spread (Volatile) ±0.5473

March Spread (Stable) ±0.1353

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.3883 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3883

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 9.0114) against the same month in 2023 (average: 9.6528), the exchange rate shifted by -0.6414 (-6.64%).

2024 Avg (April) 9.0114

2023 Avg (April) 9.6528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.0043	8.8265	8.9348
February	9.0607	8.9116	8.9892
March	8.9504	8.8151	8.8826
April	9.1026	8.8906	9.0114
May	9.0335	8.8854	8.9510
June	9.0653	8.8767	8.9949
July	9.0177	8.7198	8.9097
August	8.8135	8.2662	8.5214
September	8.6099	8.3390	8.4878
October	8.8542	8.4831	8.6892
November	8.8681	8.3905	8.6758
December	8.8030	8.6311	8.7229