2024 CVE to BIF Historical Review

YEARLY HIGH

29.3377 BIF

YEARLY LOW

27.4083 BIF

YEARLY AVERAGE

28.2808 BIF

2024 CVE to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 29.3377. Conversely, the yearly low was recorded on November 22, dropping to 27.4083.

This high-to-low spread represents a total annual volatility of 1.9294 BIF. From a start-to-finish perspective, comparing the January average rate of 28.2135 to the December average rate of 28.0101, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.3377 was up 1.55% compared to the 2023 peak of 28.8890, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 146,688 BIF

2023 Average 124,854 BIF

Yearly Trough Low 137,041 BIF

Transaction Impact: A difference of 9,646.86 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.2415

27.7732

JanuMarcMayJulySeptNove

CVE 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 28.0634, compared to 28.4982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4348 points.

H1 Avg (Jan–Jun) 28.0634

H2 Avg (Jul–Dec) 28.4982

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.3498 BIF (High: 28.7581 / Low: 27.4083). On the other end, February was the most stable month, with a tight range of 0.4257 BIF (High: 28.1662 / Low: 27.7404).

November Spread (Volatile) ±1.3498

February Spread (Stable) ±0.4257

Growth Streaks & Declines

Trends

Between June and September, 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 0.5234 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 29.1192) against the same month in 2023 (average: 27.4613), the exchange rate shifted by +1.6579 (+6.04%).

2024 Avg (September) 29.1192

2023 Avg (September) 27.4613

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.6147	28.0346	28.2135
February	28.1662	27.7404	27.9623
March	28.3926	27.9448	28.1710
April	28.2059	27.5923	27.8956
May	28.4183	27.5949	28.0921
June	28.3633	27.7904	28.0461
July	28.5513	27.9191	28.3077
August	29.1938	28.0595	28.7156
September	29.3377	28.8113	29.1192
October	29.2230	28.3368	28.6800
November	28.7581	27.4083	28.1567
December	28.3752	27.7891	28.0101