2024 BIF to IRR Historical Review

YEARLY HIGH

14.7947 IRR

YEARLY LOW

14.2103 IRR

YEARLY AVERAGE

14.5938 IRR

2024 BIF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 14.7947. Conversely, the yearly low was recorded on November 16, dropping to 14.2103.

This high-to-low spread represents a total annual volatility of 0.5844 IRR. From a start-to-finish perspective, comparing the January average rate of 14.7363 to the December average rate of 14.3110, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 14.7947 was down 28.20% compared to the 2023 peak of 20.6042, 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 73,974 IRR

2023 Average 84,731 IRR

Yearly Trough Low 71,052 IRR

Transaction Impact: A difference of 2,922.06 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.7789

14.2685

JanuMarcMayJulySeptNove

BIF to IRR 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 14.6870, compared to 14.5007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1863 points.

H1 Avg (Jan–Jun) 14.6870

H2 Avg (Jul–Dec) 14.5007

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.3337 IRR (High: 14.5440 / Low: 14.2103). On the other end, July was the most stable month, with a tight range of 0.0830 IRR (High: 14.6788 / Low: 14.5959).

November Spread (Volatile) ±0.3337

July Spread (Stable) ±0.0830

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 0.0994 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0994

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 14.7363) against the same month in 2023 (average: 20.2694), the exchange rate shifted by -5.5330 (-27.30%).

2024 Avg (January) 14.7363

2023 Avg (January) 20.2694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.7947	14.6984	14.7363
February	14.7479	14.6324	14.7003
March	14.7582	14.6557	14.6956
April	14.7238	14.6400	14.6826
May	14.7161	14.6248	14.6661
June	14.7134	14.5326	14.6411
July	14.6788	14.5959	14.6256
August	14.7220	14.5477	14.6147
September	14.6085	14.5059	14.5493
October	14.5529	14.2684	14.4932
November	14.5440	14.2103	14.4104
December	14.5423	14.2197	14.3110