2024 NZD to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 45.6261. Conversely, the yearly low was recorded on November 14, dropping to 39.1882.
This high-to-low spread represents a total annual volatility of 6.4379 AFN. From a start-to-finish perspective, comparing the January average rate of 44.1620 to the December average rate of 39.8308, the exchange rate registered a net change of -9.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 45.6261 was down 22.12% compared to the 2023 peak of 58.5878, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NZD to AFN 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 43.7269, compared to 41.6067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1202 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 3.4299 AFN (High: 42.8752 / Low: 39.4453). On the other end, December was the most stable month, with a tight range of 1.2182 AFN (High: 40.5707 / Low: 39.3525).
Growth Streaks & Declines
TrendsBetween July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.5030 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 44.8382) against the same month in 2023 (average: 56.3116), the exchange rate shifted by -11.4734 (-20.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 45.4367 | 43.6480 | 44.1620 |
| February | 45.6261 | 44.1014 | 44.8382 |
| March | 44.7691 | 42.4869 | 43.8544 |
| April | 43.6249 | 42.0902 | 42.7372 |
| May | 44.1842 | 42.7666 | 43.5074 |
| June | 44.1320 | 42.6444 | 43.2622 |
| July | 43.6475 | 41.5964 | 42.6917 |
| August | 44.4332 | 41.6498 | 43.0899 |
| September | 44.1212 | 42.7313 | 43.2739 |
| October | 42.8752 | 39.4453 | 40.7709 |
| November | 40.9804 | 39.1882 | 39.9830 |
| December | 40.5707 | 39.3525 | 39.8308 |