2024 ZAR to XOF Historical Review

YEARLY HIGH

35.2702 XOF

YEARLY LOW

31.3799 XOF

YEARLY AVERAGE

33.0941 XOF

2024 ZAR to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 35.2702. Conversely, the yearly low was recorded on February 26, dropping to 31.3799.

This high-to-low spread represents a total annual volatility of 3.8903 XOF. From a start-to-finish perspective, comparing the January average rate of 32.0668 to the December average rate of 34.3469, the exchange rate registered a net change of 7.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 35.2702 was down 3.70% compared to the 2023 peak of 36.6265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 1,763,509 XOF

2023 Average 1,644,191 XOF

Yearly Trough Low 1,568,995 XOF

Transaction Impact: A difference of 194,514.27 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

34.6128

31.7083

JanuMarcMayJulySeptNove

ZAR 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 32.4158, compared to 33.7724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3566 points.

H1 Avg (Jan–Jun) 32.4158

H2 Avg (Jul–Dec) 33.7724

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 2.3987 XOF (High: 34.1519 / Low: 31.7531). On the other end, October was the most stable month, with a tight range of 0.6779 XOF (High: 34.6335 / Low: 33.9557).

June Spread (Volatile) ±2.3987

October Spread (Stable) ±0.6779

Growth Streaks & Declines

Trends

Between February and July, 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 July and August, when the average rate fell by 0.2103 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 34.3469) against the same month in 2023 (average: 32.2963), the exchange rate shifted by +2.0506 (+6.35%).

2024 Avg (December) 34.3469

2023 Avg (December) 32.2963

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.6970	31.3921	32.0668
February	32.4639	31.3799	31.9503
March	32.4099	31.6978	32.0004
April	32.8441	31.8724	32.3988
May	33.4580	32.1437	32.9519
June	34.1519	31.7531	33.1263
July	33.5380	32.8024	33.1537
August	33.4151	32.0599	32.9434
September	34.3417	33.0550	33.5627
October	34.6335	33.9557	34.2570
November	35.1131	33.6111	34.3707
December	35.2702	33.3896	34.3469