2024 BOB to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BOB to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BOB to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 427.9703. Conversely, the yearly low was recorded on February 8, dropping to 411.4750.
This high-to-low spread represents a total annual volatility of 16.4953 BIF. From a start-to-finish perspective, comparing the January average rate of 413.0084 to the December average rate of 426.5863, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 427.9703 was up 3.58% compared to the 2023 peak of 413.1835, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BOB 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 414.3941, compared to 420.1807 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7866 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 10.0795 BIF (High: 427.5550 / Low: 417.4754). On the other end, January was the most stable month, with a tight range of 1.6220 BIF (High: 413.8512 / Low: 412.2292).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 426.5863) against the same month in 2023 (average: 412.0892), the exchange rate shifted by +14.4971 (+3.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 413.8512 | 412.2292 | 413.0084 |
| February | 415.7786 | 411.4750 | 413.7070 |
| March | 416.2634 | 412.6327 | 414.0454 |
| April | 415.4758 | 412.8449 | 414.0460 |
| May | 416.2654 | 414.0726 | 415.3461 |
| June | 419.5445 | 414.7361 | 416.2118 |
| July | 417.4658 | 415.5052 | 416.7056 |
| August | 418.3502 | 416.3998 | 417.1620 |
| September | 419.6810 | 417.1635 | 418.6040 |
| October | 426.0056 | 416.9689 | 419.8455 |
| November | 427.5550 | 417.4754 | 422.1806 |
| December | 427.9703 | 418.8214 | 426.5863 |