2022 NAD to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 NAD to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the NAD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 41.9365. Conversely, the yearly low was recorded on December 19, dropping to 34.9607.
This high-to-low spread represents a total annual volatility of 6.9758 XOF. From a start-to-finish perspective, comparing the January average rate of 37.3834 to the December average rate of 35.9082, the exchange rate registered a net change of -3.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 41.9365 was up 4.14% compared to the 2021 peak of 40.2710, 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 2022.
NAD 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 38.9808, compared to 37.6619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3189 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 3.8554 XOF (High: 41.0513 / Low: 37.1959). On the other end, May was the most stable month, with a tight range of 1.1619 XOF (High: 39.4937 / Low: 38.3319).
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 April and May, when the average rate fell by 1.5528 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2022: 40.5104) against the same month in 2021 (average: 37.8882), the exchange rate shifted by +2.6222 (+6.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 38.4428 | 36.1579 | 37.3834 |
| February | 38.7423 | 36.8923 | 37.9713 |
| March | 41.0513 | 37.1959 | 39.7056 |
| April | 41.9365 | 38.7993 | 40.5104 |
| May | 39.4937 | 38.3319 | 38.9576 |
| June | 40.4658 | 38.6555 | 39.3564 |
| July | 41.0792 | 37.7419 | 40.0203 |
| August | 39.5134 | 38.3270 | 38.8157 |
| September | 38.8640 | 37.0137 | 37.7367 |
| October | 37.5954 | 35.6733 | 36.8459 |
| November | 37.3734 | 36.1110 | 36.6447 |
| December | 36.7387 | 34.9607 | 35.9082 |