2024 LRD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 16.5112. Conversely, the yearly low was recorded on August 3, dropping to 14.4823.
This high-to-low spread represents a total annual volatility of 2.0289 BIF. From a start-to-finish perspective, comparing the January average rate of 15.0866 to the December average rate of 16.3239, the exchange rate registered a net change of 8.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 16.5112 was down 1.99% compared to the 2023 peak of 16.8458, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LRD 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 14.9137, compared to 15.2495 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3358 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.3585 BIF (High: 16.4589 / Low: 15.1003). On the other end, July was the most stable month, with a tight range of 0.0743 BIF (High: 14.8074 / Low: 14.7331).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1483 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 16.3239) against the same month in 2023 (average: 15.1450), the exchange rate shifted by +1.1788 (+7.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.1561 | 15.0108 | 15.0866 |
| February | 15.1190 | 14.9360 | 15.0143 |
| March | 14.9518 | 14.7871 | 14.8660 |
| April | 15.2437 | 14.8064 | 14.8675 |
| May | 14.8631 | 14.7714 | 14.8270 |
| June | 14.9472 | 14.7878 | 14.8207 |
| July | 14.8074 | 14.7331 | 14.7696 |
| August | 14.8153 | 14.4823 | 14.7304 |
| September | 14.9514 | 14.4945 | 14.7981 |
| October | 15.3253 | 14.9764 | 15.0757 |
| November | 16.4589 | 15.1003 | 15.7993 |
| December | 16.5112 | 16.0727 | 16.3239 |