2024 HRK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 HRK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the HRK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 430.4697. Conversely, the yearly low was recorded on November 22, dropping to 400.2385.
This high-to-low spread represents a total annual volatility of 30.2312 BIF. From a start-to-finish perspective, comparing the January average rate of 413.0832 to the December average rate of 409.6639, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 430.4697 was up 1.90% compared to the 2023 peak of 422.4521, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
HRK 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 410.9354, compared to 417.3772 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.4418 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 20.8787 BIF (High: 421.1172 / Low: 400.2385). On the other end, February was the most stable month, with a tight range of 6.8444 BIF (High: 412.6274 / Low: 405.7830).
Growth Streaks & Declines
TrendsBetween 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 8.2447 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 426.6636) against the same month in 2023 (average: 401.7824), the exchange rate shifted by +24.8812 (+6.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 418.4465 | 409.0607 | 413.0832 |
| February | 412.6274 | 405.7830 | 409.6586 |
| March | 416.4574 | 408.5784 | 412.6000 |
| April | 413.1334 | 403.6104 | 407.6908 |
| May | 414.9078 | 407.9524 | 411.8067 |
| June | 415.9384 | 407.2198 | 410.7729 |
| July | 417.8818 | 409.9802 | 414.6150 |
| August | 428.4231 | 412.1717 | 421.3901 |
| September | 430.4697 | 422.7490 | 426.6636 |
| October | 427.2194 | 415.0081 | 420.0875 |
| November | 421.1172 | 400.2385 | 411.8428 |
| December | 414.9448 | 405.6285 | 409.6639 |