2024 MXN to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 37.1956. Conversely, the yearly low was recorded on September 6, dropping to 29.5989.
This high-to-low spread represents a total annual volatility of 7.5967 XOF. From a start-to-finish perspective, comparing the January average rate of 35.2491 to the December average rate of 30.9300, the exchange rate registered a net change of -12.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 37.1956 was up 2.45% compared to the 2023 peak of 36.3052, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 35.4727, compared to 31.0832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.3895 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 3.2687 XOF (High: 35.6061 / Low: 32.3374). On the other end, February was the most stable month, with a tight range of 0.4625 XOF (High: 35.7793 / Low: 35.3167).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 2.5846 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 36.4014) against the same month in 2023 (average: 33.0398), the exchange rate shifted by +3.3616 (+10.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 35.5817 | 34.9027 | 35.2491 |
| February | 35.7793 | 35.3167 | 35.5570 |
| March | 36.7024 | 35.4933 | 35.9870 |
| April | 37.1956 | 35.5436 | 36.4014 |
| May | 36.4832 | 35.4999 | 36.1132 |
| June | 35.6061 | 32.3374 | 33.5286 |
| July | 34.0898 | 32.3068 | 33.3886 |
| August | 32.1201 | 29.6603 | 31.0800 |
| September | 30.8786 | 29.5989 | 30.1316 |
| October | 31.0944 | 29.9569 | 30.5966 |
| November | 30.8216 | 29.7400 | 30.3726 |
| December | 31.3307 | 30.3692 | 30.9300 |