2024 BGN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BGN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 1657.3299. Conversely, the yearly low was recorded on November 22, dropping to 1541.7470.
This high-to-low spread represents a total annual volatility of 115.5829 BIF. From a start-to-finish perspective, comparing the January average rate of 1591.4977 to the December average rate of 1578.4973, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1657.3299 was up 1.79% compared to the 2023 peak of 1628.2436, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BGN to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1583.3931, compared to 1608.1507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.7576 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 79.8446 BIF (High: 1621.5915 / Low: 1541.7470). On the other end, February was the most stable month, with a tight range of 25.0129 BIF (High: 1589.5378 / Low: 1564.5250).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 31.2135 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 1643.7319) against the same month in 2023 (average: 1548.0843), the exchange rate shifted by +95.6476 (+6.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1612.3870 | 1578.4382 | 1591.4977 |
| February | 1589.5378 | 1564.5250 | 1578.1894 |
| March | 1604.2123 | 1577.1670 | 1590.0394 |
| April | 1591.3690 | 1556.3778 | 1571.2197 |
| May | 1598.8259 | 1564.8169 | 1586.5505 |
| June | 1600.6570 | 1570.3539 | 1582.8619 |
| July | 1608.3847 | 1579.4148 | 1597.3564 |
| August | 1651.3255 | 1588.0892 | 1623.5748 |
| September | 1657.3299 | 1627.8409 | 1643.7319 |
| October | 1646.1044 | 1598.0876 | 1618.4786 |
| November | 1621.5915 | 1541.7470 | 1587.2652 |
| December | 1599.7474 | 1563.4409 | 1578.4973 |