2024 BIF to CVE Historical Review

YEARLY HIGH

0.0365 CVE

YEARLY LOW

0.0341 CVE

YEARLY AVERAGE

0.0354 CVE

2024 BIF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0365. Conversely, the yearly low was recorded on September 22, dropping to 0.0341.

This high-to-low spread represents a total annual volatility of 0.0024 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0354 to the December average rate of 0.0357, the exchange rate registered a net change of 0.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0365 was down 28.00% compared to the 2023 peak of 0.0507, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 182 CVE

2023 Average 205 CVE

Yearly Trough Low 170 CVE

Transaction Impact: A difference of 12.00 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0360

0.0342

JanuMarcMayJulySeptNove

BIF to CVE 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 0.0356, compared to 0.0351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0356

H2 Avg (Jul–Dec) 0.0351

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0017 CVE (High: 0.0365 / Low: 0.0348). On the other end, February was the most stable month, with a tight range of 0.0005 CVE (High: 0.0360 / Low: 0.0355).

November Spread (Volatile) ±0.0017

February Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0355) against the same month in 2023 (average: 0.0360), the exchange rate shifted by -0.0005 (-1.35%).

2024 Avg (November) 0.0355

2023 Avg (November) 0.0360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0357	0.0349	0.0354
February	0.0360	0.0355	0.0358
March	0.0358	0.0352	0.0355
April	0.0362	0.0355	0.0358
May	0.0362	0.0352	0.0356
June	0.0360	0.0353	0.0357
July	0.0358	0.0350	0.0353
August	0.0356	0.0343	0.0348
September	0.0347	0.0341	0.0343
October	0.0353	0.0342	0.0349
November	0.0365	0.0348	0.0355
December	0.0360	0.0352	0.0357