2024 SEK to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 58.9943. Conversely, the yearly low was recorded on July 26, dropping to 55.7888.
This high-to-low spread represents a total annual volatility of 3.2055 XAF. From a start-to-finish perspective, comparing the January average rate of 58.1149 to the December average rate of 56.9724, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 58.9943 was down 0.93% compared to the 2023 peak of 59.5506, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 57.5345, compared to 57.1637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3708 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 2.7289 XAF (High: 58.5177 / Low: 55.7888). On the other end, December was the most stable month, with a tight range of 0.7543 XAF (High: 57.3718 / Low: 56.6175).
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 March and April, when the average rate fell by 1.3405 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 58.1149) against the same month in 2023 (average: 58.5255), the exchange rate shifted by -0.4106 (-0.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 58.9943 | 57.4822 | 58.1149 |
| February | 58.8059 | 57.4369 | 58.2324 |
| March | 58.7001 | 56.8035 | 57.8804 |
| April | 57.2482 | 55.8128 | 56.5399 |
| May | 57.3737 | 55.9339 | 56.4403 |
| June | 58.5023 | 57.3790 | 57.9993 |
| July | 58.5177 | 55.7888 | 56.8433 |
| August | 57.9056 | 56.6607 | 57.2524 |
| September | 58.2287 | 57.2547 | 57.7600 |
| October | 57.8594 | 56.5651 | 57.4610 |
| November | 57.0521 | 56.0766 | 56.6932 |
| December | 57.3718 | 56.6175 | 56.9724 |