2024 NAD to BOB Historical Review

YEARLY HIGH

0.4035 BOB

YEARLY LOW

0.3576 BOB

YEARLY AVERAGE

0.3774 BOB

2024 NAD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.4035. Conversely, the yearly low was recorded on February 26, dropping to 0.3576.

This high-to-low spread represents a total annual volatility of 0.0460 BOB. From a start-to-finish perspective, comparing the January average rate of 0.3678 to the December average rate of 0.3792, the exchange rate registered a net change of 3.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4035 was down 1.80% compared to the 2023 peak of 0.4109, 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 2,018 BOB

2023 Average 1,869 BOB

Yearly Trough Low 1,788 BOB

Transaction Impact: A difference of 229.88 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3966

0.3614

JanuMarcMayJulySeptNove

NAD to BOB 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 0.3693, compared to 0.3855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0162 points.

H1 Avg (Jan–Jun) 0.3693

H2 Avg (Jul–Dec) 0.3855

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0252 BOB (High: 0.3915 / Low: 0.3664). On the other end, October was the most stable month, with a tight range of 0.0097 BOB (High: 0.3993 / Low: 0.3895).

December Spread (Volatile) ±0.0252

October Spread (Stable) ±0.0097

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 0.0077 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3925) against the same month in 2023 (average: 0.3641), the exchange rate shifted by +0.0284 (+7.79%).

2024 Avg (September) 0.3925

2023 Avg (September) 0.3641

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3742	0.3603	0.3678
February	0.3744	0.3576	0.3644
March	0.3732	0.3605	0.3665
April	0.3739	0.3597	0.3664
May	0.3821	0.3707	0.3759
June	0.3855	0.3629	0.3751
July	0.3841	0.3743	0.3789
August	0.3917	0.3718	0.3830
September	0.4035	0.3844	0.3925
October	0.3993	0.3895	0.3937
November	0.3967	0.3786	0.3860
December	0.3915	0.3664	0.3792