2024 XAF to NGN Historical Review

YEARLY HIGH

2.8416 NGN

YEARLY LOW

1.4256 NGN

YEARLY AVERAGE

2.4250 NGN

2024 XAF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the XAF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 2.8416. Conversely, the yearly low was recorded on January 17, dropping to 1.4256.

This high-to-low spread represents a total annual volatility of 1.4160 NGN. From a start-to-finish perspective, comparing the January average rate of 1.5166 to the December average rate of 2.5088, the exchange rate registered a net change of 65.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8416 was up 87.64% compared to the 2023 peak of 1.5144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,208 NGN

2023 Average 5,243 NGN

Yearly Trough Low 7,128 NGN

Transaction Impact: A difference of 7,079.88 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8928

1.3915

JanuMarcMayJulySeptNove

XAF to NGN 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 2.1983, compared to 2.6517 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4534 points.

H1 Avg (Jan–Jun) 2.1983

H2 Avg (Jul–Dec) 2.6517

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1.1719 NGN (High: 2.6538 / Low: 1.4819). On the other end, November was the most stable month, with a tight range of 0.0936 NGN (High: 2.7699 / Low: 2.6763).

February Spread (Volatile) ±1.1719

November Spread (Stable) ±0.0936

Growth Streaks & Declines

Trends

Between April and September, 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 March and April, when the average rate fell by 0.4431 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.7677) against the same month in 2023 (average: 1.2601), the exchange rate shifted by +1.5076 (+119.64%).

2024 Avg (September) 2.7677

2023 Avg (September) 1.2601

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6004	1.4256	1.5166
February	2.6538	1.4819	2.2640
March	2.6866	2.2957	2.5332
April	2.3259	1.9449	2.0901
May	2.5115	2.0203	2.3380
June	2.4876	2.2978	2.4477
July	2.7505	2.3181	2.5161
August	2.7314	2.6345	2.6832
September	2.8416	2.6778	2.7677
October	2.8136	2.6983	2.7216
November	2.7699	2.6763	2.7128
December	2.7028	2.4444	2.5088