2024 NIO to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 17.2207. Conversely, the yearly low was recorded on August 23, dropping to 15.9114.
This high-to-low spread represents a total annual volatility of 1.3093 XAF. From a start-to-finish perspective, comparing the January average rate of 16.4050 to the December average rate of 17.0287, the exchange rate registered a net change of 3.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 17.2207 was up 0.64% compared to the 2023 peak of 17.1116, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO to XAF 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 16.5023, compared to 16.4656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0367 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.8298 XAF (High: 17.1325 / Low: 16.3027). On the other end, February was the most stable month, with a tight range of 0.2394 XAF (High: 16.6489 / Low: 16.4095).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.2478 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 17.0287) against the same month in 2023 (average: 16.3783), the exchange rate shifted by +0.6504 (+3.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.5659 | 16.1935 | 16.4050 |
| February | 16.6489 | 16.4095 | 16.5230 |
| March | 16.5547 | 16.2698 | 16.4059 |
| April | 16.7916 | 16.4152 | 16.6219 |
| May | 16.6650 | 16.3664 | 16.4935 |
| June | 16.6997 | 16.3565 | 16.5646 |
| July | 16.5950 | 16.2941 | 16.4219 |
| August | 16.5199 | 15.9114 | 16.1741 |
| September | 16.1890 | 15.9293 | 16.0423 |
| October | 16.5431 | 16.1264 | 16.3500 |
| November | 17.1325 | 16.3027 | 16.7768 |
| December | 17.2207 | 16.8407 | 17.0287 |