2024 LRD to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 3.5013. Conversely, the yearly low was recorded on September 20, dropping to 2.9339.
This high-to-low spread represents a total annual volatility of 0.5674 XOF. From a start-to-finish perspective, comparing the January average rate of 3.1788 to the December average rate of 3.4689, the exchange rate registered a net change of 9.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.5013 was down 13.38% compared to the 2023 peak of 4.0420, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LRD to XOF 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 3.1590, compared to 3.1824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0234 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.3641 XOF (High: 3.4979 / Low: 3.1337). On the other end, January was the most stable month, with a tight range of 0.0419 XOF (High: 3.1954 / Low: 3.1534).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.0576 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 3.4689) against the same month in 2023 (average: 3.1906), the exchange rate shifted by +0.2783 (+8.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.1954 | 3.1534 | 3.1788 |
| February | 3.2155 | 3.1682 | 3.1904 |
| March | 3.1542 | 3.1103 | 3.1355 |
| April | 3.2851 | 3.1290 | 3.1745 |
| May | 3.1645 | 3.1130 | 3.1341 |
| June | 3.1672 | 3.1028 | 3.1406 |
| July | 3.1411 | 3.0729 | 3.1005 |
| August | 3.1114 | 3.0028 | 3.0429 |
| September | 3.0554 | 2.9339 | 3.0191 |
| October | 3.1639 | 3.0595 | 3.1240 |
| November | 3.4979 | 3.1337 | 3.3392 |
| December | 3.5013 | 3.4442 | 3.4689 |