2024 NAD to XOF Historical Review

YEARLY HIGH

35.4653 XOF

YEARLY LOW

31.2878 XOF

YEARLY AVERAGE

33.1027 XOF

2024 NAD to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 35.4653. Conversely, the yearly low was recorded on February 26, dropping to 31.2878.

This high-to-low spread represents a total annual volatility of 4.1775 XOF. From a start-to-finish perspective, comparing the January average rate of 32.0066 to the December average rate of 34.3760, the exchange rate registered a net change of 7.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 35.4653 was down 3.93% compared to the 2023 peak of 36.9165, 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 177,327 XOF

2023 Average 164,008 XOF

Yearly Trough Low 156,439 XOF

Transaction Impact: A difference of 20,887.53 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

34.6685

31.7630

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 32.4202, compared to 33.7851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3650 points.

H1 Avg (Jan–Jun) 32.4202

H2 Avg (Jul–Dec) 33.7851

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 2.5095 XOF (High: 34.3173 / Low: 31.8077). On the other end, October was the most stable month, with a tight range of 0.6450 XOF (High: 34.6113 / Low: 33.9662).

June Spread (Volatile) ±2.5095

October Spread (Stable) ±0.6450

Growth Streaks & Declines

Trends

Between March and July, 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 July and August, when the average rate fell by 0.1408 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1408

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 34.3760) against the same month in 2023 (average: 32.1448), the exchange rate shifted by +2.2313 (+6.94%).

2024 Avg (December) 34.3760

2023 Avg (December) 32.1448

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.5956	31.4492	32.0066
February	32.6656	31.2878	32.0295
March	32.4113	31.6542	32.0051
April	33.0062	31.9293	32.3945
May	33.4073	32.7174	32.9968
June	34.3173	31.8077	33.0884
July	33.6574	32.7445	33.1405
August	33.6191	32.2537	32.9997
September	34.2814	33.0081	33.5177
October	34.6113	33.9662	34.2506
November	34.7797	34.0887	34.4263
December	35.4653	33.5340	34.3760