2024 NAD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NAD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NAD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 166.7152. Conversely, the yearly low was recorded on January 20, dropping to 139.9250.
This high-to-low spread represents a total annual volatility of 26.7901 CDF. From a start-to-finish perspective, comparing the January average rate of 144.9007 to the December average rate of 156.6504, the exchange rate registered a net change of 8.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 166.7152 was up 9.30% compared to the 2023 peak of 152.5307, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NAD to CDF 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 148.4883, compared to 159.0608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.5724 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 10.6098 CDF (High: 162.0568 / Low: 151.4470). On the other end, October was the most stable month, with a tight range of 4.2873 CDF (High: 165.0766 / Low: 160.7894).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.9267 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 161.7102) against the same month in 2023 (average: 130.9093), the exchange rate shifted by +30.8009 (+23.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 147.8210 | 139.9250 | 144.9007 |
| February | 148.0928 | 142.9822 | 145.2775 |
| March | 149.3292 | 144.8244 | 147.1513 |
| April | 151.4369 | 144.8120 | 147.8116 |
| May | 154.8922 | 149.8647 | 152.0643 |
| June | 158.5977 | 149.1979 | 153.7246 |
| July | 159.4194 | 153.1888 | 155.9543 |
| August | 161.4545 | 153.6869 | 158.0037 |
| September | 166.7152 | 158.2854 | 161.7102 |
| October | 165.0766 | 160.7894 | 162.4688 |
| November | 163.7676 | 156.7947 | 159.5772 |
| December | 162.0568 | 151.4470 | 156.6504 |