YEARLY HIGH
0.0628 XOF
YEARLY LOW
0.0520 XOF
YEARLY AVERAGE
0.0564 XOF

2021 GNF to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GNF to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.0628. Conversely, the yearly low was recorded on January 5, dropping to 0.0520.

This high-to-low spread represents a total annual volatility of 0.0107 XOF. From a start-to-finish perspective, comparing the January average rate of 0.0528 to the December average rate of 0.0616, the exchange rate registered a net change of 16.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0628 was down 3.25% compared to the 2020 peak of 0.0649, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GNF based on timing:

Yearly Peak High 314 XOF
2020 Average 299 XOF
Yearly Trough Low 260 XOF
Transaction Impact: A difference of 53.57 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0625
0.0519
JanuMarcMayJulySeptNove

GNF to XOF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0544, compared to 0.0585 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.0544
H2 Avg (Jul–Dec) 0.0585

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0030 XOF (High: 0.0617 / Low: 0.0588). On the other end, May was the most stable month, with a tight range of 0.0008 XOF (High: 0.0552 / Low: 0.0544).

November Spread (Volatile) ±0.0030
May Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0003 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0616) against the same month in 2020 (average: 0.0542), the exchange rate shifted by +0.0074 (+13.74%).

2021 Avg (December) 0.0616
2020 Avg (December) 0.0542

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0540 0.0520 0.0528
February 0.0539 0.0525 0.0533
March 0.0558 0.0536 0.0548
April 0.0558 0.0546 0.0550
May 0.0552 0.0544 0.0547
June 0.0563 0.0547 0.0555
July 0.0570 0.0561 0.0566
August 0.0574 0.0565 0.0570
September 0.0580 0.0564 0.0570
October 0.0589 0.0579 0.0583
November 0.0617 0.0588 0.0604
December 0.0628 0.0610 0.0616