UAE Dirham (AED) To CFA Franc BCEAO (XOF) Lowest Exchange Rate

| November 13, 2018

This report analyzes the lowest exchange rate of UAE Dirham (AED) - CFA Franc BCEAO (XOF). The sections include the comparison to other similar currency pairs and losses during the lowest rate date. Additionally, you will find a section that analyzes how low other stronger currencies against AED have gone.

The time range of analysis of this report is between 2014-12-01 and 2018-10-01. We will update this report regularly once in about 2 to 3 months.

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Below is a table of contents to help you navigate through the report.

  1. AED/XOF Lowest Exchange Rate
  2. 1-Week, 1-Month and 1-Year Losses During AED/XOF Lowest Rate
  3. Loss At Lowest Rate If You Had Bought UAE Dirham (AED) At Previous Highest Rate
  4. AED/XOF Lowest Rate Compared To 3 Of The Strongest Currencies
  5. AED/XOF Lowest Rate Compared To 3 Similar Currencies To CFA Franc BCEAO (XOF)
  6. AED to XOF - Top 20 Monthly & Weekly Lowest Average Rates

Recommended Reading: AED/XOF highest rate report will help you look at the best performance of the currency pair in detail (for the same timeframe of analysis as this report).

1 AED/XOF Lowest Exchange Rate

The lowest rate for AED/XOF pair was 141.309998. The corresponding date was 2018-01-27. We will not just stop with mentioning the rate. Rather we will be using a common sense approach to assess the magnitude of the rate drop. The method is explained in the next paragraph.

We will begin by finding the year of occurrence of the lowest exchange rate. For that year, we will be computing the annual and monthly average rates. We will then compare both the averages against the lowest rate.

Below table lists the computed average rates as well as the difference between the lowest rate and the averages.

Duration Average Rate Lowest Rate Vs Averages
Year (2018)149.564411-5.52 %
Month (01-2018)146.772969-3.72 %

Below is a visual representation of the table you just saw. The below graph compares the average rates against the lowest rate of UAE Dirham (AED) - CFA Franc BCEAO (XOF).

UAE Dirham (AED) - CFA Franc BCEAO (XOF) Lowest Rate

Below table shows daily rates on lowest month:

DateCloseOne-day Gain (%)Rate-Change From Past Day
1st January 2018153.5360.000000 (0.00 %)
2nd January 2018152.142-1.393997 (-0.91 %)-1.394 (-0.91 %)
3rd January 2018152.8510.709198 (0.47 %)0.709 (0.47 %)
4th January 2018152.265-1.271103 (-0.83 %)-0.586 (-0.38 %)
5th January 2018152.142-0.122894 (-0.08 %)-0.123 (-0.08 %)
7th January 2018152.1640.005600 (0.00 %)0.022 (0.01 %)
8th January 2018153.1450.980392 (0.64 %)0.981 (0.64 %)
9th January 2018153.5510.405807 (0.26 %)0.406 (0.27 %)
10th January 2018153.148-0.410599 (-0.27 %)-0.403 (-0.26 %)
14th January 2018146.014-0.027191 (-0.02 %)-7.134 (-4.66 %)
15th January 2018145.201-0.760895 (-0.52 %)-0.813 (-0.56 %)
16th January 2018145.3040.097504 (0.07 %)0.103 (0.07 %)
17th January 2018144.72-0.606094 (-0.42 %)-0.584 (-0.4 %)
18th January 2018144.8640.144104 (0.10 %)0.144 (0.1 %)
19th January 2018144.555-0.309402 (-0.21 %)-0.309 (-0.21 %)
21st January 2018144.5550.000000 (0.00 %)0 (0 %)
22nd January 2018144.171-0.383606 (-0.27 %)-0.384 (-0.27 %)
23rd January 2018143.883-0.288101 (-0.20 %)-0.288 (-0.2 %)
24th January 2018142.796-1.087097 (-0.76 %)-1.087 (-0.76 %)
25th January 2018142.418-1.305496 (-0.91 %)-0.378 (-0.26 %)
26th January 2018141.31-1.107605 (-0.78 %)-1.108 (-0.78 %)
27th January 2018141.310.000000 (0.00 %)0 (0 %)
28th January 2018141.3310.020798 (0.01 %)0.021 (0.01 %)
29th January 2018141.6180.287003 (0.20 %)0.287 (0.2 %)
30th January 2018143.5951.982193 (1.40 %)1.977 (1.4 %)
31st January 2018143.51-0.073898 (-0.05 %)-0.085 (-0.06 %)

2 1-Week, 1-Month and 1-Year Losses During AED/XOF Lowest Rate

Someone who invested in CFA Franc BCEAO (XOF) using UAE Dirham (AED) before the lowest rate day is bound to lose if he sold on that day. This section compares the losses one could have made by investing 1 week, 1 month and 1 year before the lowest exchange rate day.

Note: In case you see NA (Not Applicable) values in the below table that denotes a lack of data for the corresponding time range. For example, assume that the lowest rate was during the first week of the range of data used for this report. Then we will not be able to compute the value for someone who invested 1 year before.

Below table and graph represent the losses by investing in AED/XOF pair (subject to data availability) for 1 week, 1 month and 1 year before 2018-01-27.

Days Before Lowest CloseClose (Rate)Losses(%)
1 Week 2018-01-19144.555-2.24 %
1 Month 2017-12-27153.707-8.07 %
1 Year 2017-01-27168.145-15.96 %
UAE Dirham (AED)-CFA Franc BCEAO (XOF) Stock Losses - Week, Month, Year

Subject to data availability, below table summarizes the impact on a 1000 XOF invested in AED 1 week, 1 month and 1 year before the lowest close rate date.

Days Before Lowest RateLosses(%)What happens to 1000 XOF invested?
1 Week -2.24 %977.6
1 Month-8.07 %919.3
1 Year-15.96 %840.4

3 Loss At Lowest Rate If You Had Bought AED At Previous Highest Rate

Buying at high and selling when low is worst case scenario for any Forex investor. This section helps you assess the potential damage for an investor who invested in AED/XOF during the highest rate day that occurred before the lowest rate day of 2018-01-27.

Previous Highest Rate DateClose (Rate)Lowest Close RateLosses(%)
2016-12-27170.458141.309998-17.1 %

Above table has shown the losses in percentage. Now let us check the impact on a 1000 XOF invested. As per the loss percentage shown in the above table, the 1000 XOF would have become 829.

4 AED/XOF Lowest Rate Compared To 3 Of The Strongest Currencies

Now let us compare the lowest rate of AED/XOF pair with three others formed by 3 of the strongest currencies against AED. In other words, we will be analyzing 3 pairs with the selected strong currencies as quote currencies (denoted after the slash symbol.)

To pick the strongest currencies we follow a simple method. We just check those pairs with UAE Dirham (AED) as base currency (before slash symbol) which have exchange rates among the lowest for the recent 12 month period ending 2018-10-01. The corresponding quote currencies are among the strongest ones.

AED-XOF Lowest Rate Vs Strong Currencies

Now we are going to analyze the potential impact of the lowest rate on investments. There is no straightforward way to do it. However, we are going to do a simple analysis that will give you an idea of the potential losses. We are going to measure and compare the differences between the lowest rates and the average rates for the recent 12 month period between 2017-10-01 and 2018-10-01.

Recommended Reading: Have a look at the similar section in the AED/XOF highest rate report to learn more in detail about this method.

CurrencyPairLowest RateAvg RateLowest Vs Avg. Rates (%)Difference (%)
CFA Franc BCEAOAED/XOF141.309998150.259040-5.96-
Kuwaiti DinarAED/KWD0.0815000.082265-0.935.03
Bahraini DinarAED/BHD0.1022000.102476-0.275.69
Rial OmaniAED/OMR0.1040000.104258-0.255.71

5 AED/XOF Lowest Rate Compared To 3 Similar Currencies To AED

In this section we are going to compare the performance ofAED/XOF against similar rate pairs but with AED as the base currency. In other words, the currency invested in will be the same in all the pairs under consideration. The range of observation is between 2014-12-01 and 2018-10-01

Below chart displays the lowest rates of XOF as well as 3 other similar currencies against AED.

AED to XOF Lowest Rate Alossest Similar Currencies

Below table lists the lowest rates of the currency pairs and a simple comparison. The final column shows the percentage difference between the lowest rates.

Note: A negative difference (last column value) for a currency pair indicates that the pair had lesser magnitude lowest rate than AED/AED.

CurrencyPairLowest RateDifference (%)
CFA Franc BCEAOAED/XOF141.309998-
CFA Franc BEACAED/XAF142.3265080.72
Costa Rican ColonAED/CRC141.4918060.13
Malawi KwachaAED/MWK114.135002-19.23

6 AED to XOF - Top 20 Monthly & Weekly Lowest Average Rates

This sections displays the monthly and weekly average lowest rates for the currency pair - AED/XOF.

Top 20 Month-wise Lowest Avg. Rates:

Month-YearAvg. Rate Highest Rate (& Rate-Change From Avg.)Lowest Rate (& Rate-Change From Avg.)
January-2018146.772969153.550507 (6.777538)141.309998 (-5.462971)
March-2018144.381041145.451202 (1.070161)143.054092 (-1.326949)
February-2018144.309417146.081696 (1.772279)142.463394 (-1.846023)
December-2014144.581320146.364594 (1.783274)142.405304 (-2.176016)
April-2018145.115442147.451508 (2.336066)143.829102 (-1.28634)
August-2017150.518106155.621506 (5.1034)147.815704 (-2.702402)
September-2017147.963859149.767303 (1.803444)147.462402 (-0.501457)
November-2017151.520517153.757004 (2.236487)149.318497 (-2.20202)
May-2018150.719927154.275406 (3.555479)148.554901 (-2.165026)
July-2018152.376267153.025299 (0.649032)151.555405 (-0.820862)
June-2018152.577151154.074295 (1.497144)150.949097 (-1.628054)
December-2017155.575280158.150696 (2.575416)152.473999 (-3.101281)
October-2017150.335696153.569901 (3.234205)149.484497 (-0.851199)
July-2017156.012528158.808807 (2.796279)152.750702 (-3.261826)
September-2018152.834392154.164001 (1.329609)151.210007 (-1.624385)
August-2018154.324838156.984894 (2.660056)152.125793 (-2.199045)
October-2018154.367160155.055405 (0.688245)153.631393 (-0.735767)
April-2016157.079212158.341003 (1.261791)156.080505 (-0.998707)
March-2016160.073381164.760605 (4.687224)156.496704 (-3.576677)
June-2017159.182584159.790298 (0.607714)157.113007 (-2.069577)

Top 20 Weekly Lowest Avg. Rates:

Week-YearAvg. RateHighest Rate (& Rate-Change From Avg.)Lowest Rate (& Rate-Change From Avg.)
Week 3-2018142.920327144.554703 (1.634376)141.309998 (-1.610329)
Week 4-2018142.573914143.594696 (1.020782)141.330795 (-1.243119)
Week 49-2014143.892097145.244995 (1.352898)143.067993 (-0.824104)
Week 6-2018143.910235145.380493 (1.470258)142.467102 (-1.443133)
Week 48-2014144.065600144.747604 (0.682004)142.772202 (-1.293398)
Week 11-2018144.640902145.451202 (0.8103)144.176605 (-0.464297)
Week 14-2018144.437650145.092804 (0.655154)143.973206 (-0.464444)
Week 12-2018144.090118144.744904 (0.654786)143.054092 (-1.036026)
Week 2-2018145.109685146.013702 (0.904017)144.554703 (-0.554982)
Week 8-2018145.069260146.081696 (1.012436)144.557404 (-0.511856)
Week 9-2018144.227070144.730896 (0.503826)143.388397 (-0.838673)
Week 7-2018144.365673145.076096 (0.710423)143.450897 (-0.914776)
Week 15-2018144.215848144.932404 (0.716556)143.829102 (-0.386746)
Week 10-2018144.412570144.951096 (0.538526)143.717300 (-0.69527)
Week 50-2014143.562866145.095596 (1.53273)142.405304 (-1.157562)
Week 13-2018144.986633145.467499 (0.480866)144.581894 (-0.404739)
Week 5-2018144.509552145.399597 (0.890045)143.247406 (-1.262146)
Week 51-2014145.736796146.079193 (0.342397)144.964996 (-0.7718)
Week 52-2014146.183197146.364594 (0.181397)145.997696 (-0.185501)
Week 16-2018146.129450147.090103 (0.960653)145.019394 (-1.110056)

Conclusion:

Hopefully, the report will help you in your forex investing

Recommended Reading: Learning the best and worst performances is just a part of the analysis. For a big picture, we strongly recommend you to go through the chart history of AED-XOF. We have applied a simple technique to smooth out the volatility in the graphs so that you can understand the entire analysis better.

Disclaimer:

We have validated the data to the best of our knowledge. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.

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