2024 CNY to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 416.2903. Conversely, the yearly low was recorded on March 23, dropping to 394.0419.
This high-to-low spread represents a total annual volatility of 22.2484 BIF. From a start-to-finish perspective, comparing the January average rate of 401.2953 to the December average rate of 404.8196, the exchange rate registered a net change of 0.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 416.2903 was up 3.04% compared to the 2023 peak of 404.0009, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CNY 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 398.9795, compared to 404.8168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.8373 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 12.4782 BIF (High: 407.6463 / Low: 395.1681). On the other end, February was the most stable month, with a tight range of 6.9525 BIF (High: 403.0832 / Low: 396.1306).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 4.3702 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 409.7719) against the same month in 2023 (average: 390.1789), the exchange rate shifted by +19.5930 (+5.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 403.5473 | 396.5934 | 401.2953 |
| February | 403.0832 | 396.1306 | 399.5458 |
| March | 401.0914 | 394.0419 | 397.5153 |
| April | 403.5687 | 394.7600 | 396.4280 |
| May | 405.2807 | 395.1082 | 400.4764 |
| June | 407.6463 | 395.1681 | 398.6163 |
| July | 403.3416 | 394.8821 | 396.7146 |
| August | 407.8160 | 397.4104 | 403.1043 |
| September | 413.7275 | 404.8001 | 409.0888 |
| October | 416.2903 | 406.9149 | 409.7719 |
| November | 411.6354 | 399.6826 | 405.4018 |
| December | 407.6569 | 398.1954 | 404.8196 |