2024 SGD to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 467.5977. Conversely, the yearly low was recorded on May 31, dropping to 446.3621.
This high-to-low spread represents a total annual volatility of 21.2356 XOF. From a start-to-finish perspective, comparing the January average rate of 450.0777 to the December average rate of 463.6330, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 467.5977 was up 0.92% compared to the 2023 peak of 463.3511, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD to XOF 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 450.3650, compared to 456.9895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.6244 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 12.6908 XOF (High: 467.5977 / Low: 454.9069). On the other end, December was the most stable month, with a tight range of 2.9838 XOF (High: 465.0324 / Low: 462.0486).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.9192 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 461.9044) against the same month in 2023 (average: 449.6678), the exchange rate shifted by +12.2366 (+2.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 452.9310 | 448.2454 | 450.0777 |
| February | 453.7715 | 449.6734 | 451.7703 |
| March | 451.1072 | 447.8491 | 449.8511 |
| April | 452.9151 | 448.1574 | 450.7492 |
| May | 451.5465 | 446.3621 | 449.0806 |
| June | 452.8363 | 446.4362 | 450.6613 |
| July | 453.5231 | 447.5054 | 449.0686 |
| August | 454.9168 | 450.1038 | 452.3378 |
| September | 458.7624 | 453.3798 | 455.7014 |
| October | 461.5434 | 456.6894 | 459.2913 |
| November | 467.5977 | 454.9069 | 461.9044 |
| December | 465.0324 | 462.0486 | 463.6330 |