2024 NAD to AED Historical Review

YEARLY HIGH

0.2138 AED

YEARLY LOW

0.1901 AED

YEARLY AVERAGE

0.2006 AED

2024 NAD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.2138. Conversely, the yearly low was recorded on February 26, dropping to 0.1901.

This high-to-low spread represents a total annual volatility of 0.0237 AED. From a start-to-finish perspective, comparing the January average rate of 0.1955 to the December average rate of 0.2016, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2138 was down 2.10% compared to the 2023 peak of 0.2184, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,069 AED

2023 Average 994 AED

Yearly Trough Low 950 AED

Transaction Impact: A difference of 118.75 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2105

0.1921

JanuMarcMayJulySeptNove

NAD to AED 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 0.1963, compared to 0.2049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0086 points.

H1 Avg (Jan–Jun) 0.1963

H2 Avg (Jul–Dec) 0.2049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0133 AED (High: 0.2080 / Low: 0.1947). On the other end, October was the most stable month, with a tight range of 0.0052 AED (High: 0.2124 / Low: 0.2072).

December Spread (Volatile) ±0.0133

October Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0041 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2085) against the same month in 2023 (average: 0.1936), the exchange rate shifted by +0.0149 (+7.71%).

2024 Avg (September) 0.2085

2023 Avg (September) 0.1936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1983	0.1916	0.1955
February	0.1975	0.1901	0.1936
March	0.1977	0.1922	0.1948
April	0.1985	0.1913	0.1945
May	0.2030	0.1971	0.1998
June	0.2054	0.1929	0.1994
July	0.2046	0.1989	0.2014
August	0.2082	0.1978	0.2037
September	0.2138	0.2044	0.2085
October	0.2124	0.2072	0.2090
November	0.2107	0.2013	0.2049
December	0.2080	0.1947	0.2016