2024 KES to CDF Historical Review

YEARLY HIGH

22.4348 CDF

YEARLY LOW

16.4451 CDF

YEARLY AVERAGE

21.0202 CDF

2024 KES to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 22.4348. Conversely, the yearly low was recorded on January 20, dropping to 16.4451.

This high-to-low spread represents a total annual volatility of 5.9897 CDF. From a start-to-finish perspective, comparing the January average rate of 17.0383 to the December average rate of 22.0710, the exchange rate registered a net change of 29.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 22.4348 was up 24.29% compared to the 2023 peak of 18.0502, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 112,174 CDF

2023 Average 83,394 CDF

Yearly Trough Low 82,226 CDF

Transaction Impact: A difference of 29,948.55 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.6417

16.5289

JanuMarcMayJulySeptNove

KES to CDF 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 19.9540, compared to 22.0863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1323 points.

H1 Avg (Jan–Jun) 19.9540

H2 Avg (Jul–Dec) 22.0863

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 2.5057 CDF (High: 19.3284 / Low: 16.8226). On the other end, September was the most stable month, with a tight range of 0.2015 CDF (High: 22.2093 / Low: 22.0078).

February Spread (Volatile) ±2.5057

September Spread (Stable) ±0.2015

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0613 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0613

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 22.0395) against the same month in 2023 (average: 17.4606), the exchange rate shifted by +4.5789 (+26.22%).

2024 Avg (July) 22.0395

2023 Avg (July) 17.4606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.3886	16.4451	17.0383
February	19.3284	16.8226	18.1216
March	21.1165	18.8435	20.1982
April	21.8823	20.7807	21.2638
May	21.7973	20.6296	21.2542
June	22.1790	21.4213	21.8481
July	22.4348	21.5916	22.0395
August	22.2171	21.7737	22.0573
September	22.2093	22.0078	22.0889
October	22.3268	21.9961	22.1290
November	22.2868	22.0271	22.1323
December	22.2128	21.9233	22.0710