2023 XOF to AED Historical Review

YEARLY HIGH

0.0063 AED

YEARLY LOW

0.0059 AED

YEARLY AVERAGE

0.0061 AED

2023 XOF to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XOF to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.0063. Conversely, the yearly low was recorded on October 3, dropping to 0.0059.

This high-to-low spread represents a total annual volatility of 0.0004 AED. From a start-to-finish perspective, comparing the January average rate of 0.0060 to the December average rate of 0.0061, the exchange rate registered a net change of 1.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0063 was down 1.86% compared to the 2022 peak of 0.0064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 31 AED

2022 Average 30 AED

Yearly Trough Low 29 AED

Transaction Impact: A difference of 2.17 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0062

0.0059

JanuMarcMayJulySeptNove

XOF to AED 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 0.0061, compared to 0.0061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0061

H2 Avg (Jul–Dec) 0.0061

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0003 AED (High: 0.0063 / Low: 0.0060). On the other end, October was the most stable month, with a tight range of 0.0001 AED (High: 0.0060 / Low: 0.0059).

May Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0062) against the same month in 2022 (average: 0.0057), the exchange rate shifted by +0.0005 (+8.45%).

2023 Avg (July) 0.0062

2022 Avg (July) 0.0057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0061	0.0059	0.0060
February	0.0062	0.0059	0.0060
March	0.0061	0.0059	0.0060
April	0.0062	0.0060	0.0062
May	0.0063	0.0060	0.0061
June	0.0062	0.0060	0.0061
July	0.0063	0.0061	0.0062
August	0.0062	0.0060	0.0061
September	0.0060	0.0059	0.0060
October	0.0060	0.0059	0.0059
November	0.0062	0.0059	0.0061
December	0.0062	0.0060	0.0061