2024 BIF to JMD Historical Review

YEARLY HIGH

0.0551 JMD

YEARLY LOW

0.0526 JMD

YEARLY AVERAGE

0.0542 JMD

2024 BIF to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0551. Conversely, the yearly low was recorded on December 30, dropping to 0.0526.

This high-to-low spread represents a total annual volatility of 0.0024 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0543 to the December average rate of 0.0531, the exchange rate registered a net change of -2.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0551 was down 26.34% compared to the 2023 peak of 0.0748, 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 275 JMD

2023 Average 309 JMD

Yearly Trough Low 263 JMD

Transaction Impact: A difference of 12.17 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0548

0.0529

JanuMarcMayJulySeptNove

BIF to JMD 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 0.0543, compared to 0.0541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0543

H2 Avg (Jul–Dec) 0.0541

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0017 JMD (High: 0.0551 / Low: 0.0533). On the other end, July was the most stable month, with a tight range of 0.0004 JMD (High: 0.0545 / Low: 0.0541).

November Spread (Volatile) ±0.0017

July Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0543) against the same month in 2023 (average: 0.0547), the exchange rate shifted by -0.0004 (-0.81%).

2024 Avg (November) 0.0543

2023 Avg (November) 0.0547

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0546	0.0538	0.0543
February	0.0549	0.0543	0.0547
March	0.0546	0.0536	0.0540
April	0.0545	0.0535	0.0541
May	0.0548	0.0541	0.0545
June	0.0543	0.0536	0.0541
July	0.0545	0.0541	0.0543
August	0.0546	0.0542	0.0544
September	0.0545	0.0539	0.0543
October	0.0549	0.0537	0.0545
November	0.0551	0.0533	0.0543
December	0.0542	0.0526	0.0531