2021 CDF to BIF Historical Review

YEARLY HIGH

1.0070 BIF

YEARLY LOW

0.9741 BIF

YEARLY AVERAGE

0.9916 BIF

2021 CDF to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CDF to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.0070. Conversely, the yearly low was recorded on April 10, dropping to 0.9741.

This high-to-low spread represents a total annual volatility of 0.0329 BIF. From a start-to-finish perspective, comparing the January average rate of 0.9864 to the December average rate of 0.9986, the exchange rate registered a net change of 1.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0070 was down 22.90% compared to the 2020 peak of 1.3061, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,035 BIF

2020 Average 5,191 BIF

Yearly Trough Low 4,870 BIF

Transaction Impact: A difference of 164.69 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0004

0.9804

JanuMarcMayJulySeptNove

CDF to BIF 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 0.9862, compared to 0.9969 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.9862

H2 Avg (Jul–Dec) 0.9969

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0168 BIF (High: 0.9932 / Low: 0.9764). On the other end, September was the most stable month, with a tight range of 0.0041 BIF (High: 1.0001 / Low: 0.9959).

May Spread (Volatile) ±0.0168

September Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0026 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.9986) against the same month in 2020 (average: 0.9962), the exchange rate shifted by +0.0024 (+0.24%).

2021 Avg (December) 0.9986

2020 Avg (December) 0.9962

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9924	0.9817	0.9864
February	0.9917	0.9784	0.9850
March	0.9929	0.9793	0.9837
April	0.9862	0.9741	0.9820
May	0.9932	0.9764	0.9867
June	0.9990	0.9890	0.9938
July	0.9989	0.9910	0.9948
August	0.9994	0.9939	0.9977
September	1.0001	0.9959	0.9987
October	1.0019	0.9908	0.9971
November	0.9976	0.9924	0.9944
December	1.0070	0.9954	0.9986