2024 BIF to GNF Historical Review

YEARLY HIGH

3.0218 GNF

YEARLY LOW

2.9170 GNF

YEARLY AVERAGE

2.9859 GNF

2024 BIF to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 3.0218. Conversely, the yearly low was recorded on November 28, dropping to 2.9170.

This high-to-low spread represents a total annual volatility of 0.1048 GNF. From a start-to-finish perspective, comparing the January average rate of 3.0122 to the December average rate of 2.9280, the exchange rate registered a net change of -2.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0218 was down 29.23% compared to the 2023 peak of 4.2698, 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 15,109 GNF

2023 Average 17,304 GNF

Yearly Trough Low 14,585 GNF

Transaction Impact: A difference of 523.94 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0206

2.9196

JanuMarcMayJulySeptNove

BIF to GNF 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 3.0013, compared to 2.9704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0309 points.

H1 Avg (Jan–Jun) 3.0013

H2 Avg (Jul–Dec) 2.9704

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0722 GNF (High: 2.9893 / Low: 2.9170). On the other end, May was the most stable month, with a tight range of 0.0114 GNF (High: 3.0008 / Low: 2.9894).

November Spread (Volatile) ±0.0722

May Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0254 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0254

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3.0122) against the same month in 2023 (average: 4.1890), the exchange rate shifted by -1.1768 (-28.09%).

2024 Avg (January) 3.0122

2023 Avg (January) 4.1890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0218	3.0035	3.0122
February	3.0157	2.9990	3.0081
March	3.0192	2.9963	3.0038
April	3.0033	2.9851	2.9981
May	3.0008	2.9894	2.9943
June	2.9953	2.9705	2.9914
July	3.0030	2.9829	2.9904
August	2.9990	2.9800	2.9916
September	2.9956	2.9781	2.9857
October	2.9893	2.9243	2.9734
November	2.9893	2.9170	2.9534
December	2.9790	2.9172	2.9280