2024 NZD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NZD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NZD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 1816.6957. Conversely, the yearly low was recorded on December 26, dropping to 1597.7269.
This high-to-low spread represents a total annual volatility of 218.9689 CDF. From a start-to-finish perspective, comparing the January average rate of 1680.5686 to the December average rate of 1637.9250, the exchange rate registered a net change of -2.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1816.6957 was up 3.37% compared to the 2023 peak of 1757.4434, 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 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 1691.8623, compared to 1714.3259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.4635 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 99.3858 CDF (High: 1728.6359 / Low: 1629.2501). On the other end, June was the most stable month, with a tight range of 31.1036 CDF (High: 1750.6011 / Low: 1719.4976).
Growth Streaks & Declines
TrendsBetween April and June, 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 November and December, when the average rate fell by 52.0877 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1773.5143) against the same month in 2023 (average: 1472.4045), the exchange rate shifted by +301.1098 (+20.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1728.6359 | 1629.2501 | 1680.5686 |
| February | 1714.0229 | 1663.0804 | 1689.1271 |
| March | 1712.0921 | 1656.4451 | 1685.4367 |
| April | 1698.6111 | 1634.7634 | 1661.9702 |
| May | 1738.2725 | 1657.0466 | 1697.0090 |
| June | 1750.6011 | 1719.4976 | 1737.0622 |
| July | 1755.1967 | 1665.4664 | 1715.7103 |
| August | 1784.9831 | 1691.6648 | 1733.8316 |
| September | 1816.6957 | 1740.9412 | 1773.5143 |
| October | 1792.8446 | 1701.5694 | 1734.9613 |
| November | 1723.1626 | 1666.8784 | 1690.0127 |
| December | 1690.2808 | 1597.7269 | 1637.9250 |