2024 MDL to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 167.8377. Conversely, the yearly low was recorded on December 6, dropping to 158.3703.
This high-to-low spread represents a total annual volatility of 9.4675 BIF. From a start-to-finish perspective, comparing the January average rate of 161.9354 to the December average rate of 160.9237, the exchange rate registered a net change of -0.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 167.8377 was up 1.52% compared to the 2023 peak of 165.3317, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL 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 161.8663, compared to 163.5021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6358 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 6.6145 BIF (High: 165.4045 / Low: 158.7900). On the other end, May was the most stable month, with a tight range of 1.7721 BIF (High: 163.3923 / Low: 161.6202).
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 2.4101 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 164.3038) against the same month in 2023 (average: 156.5434), the exchange rate shifted by +7.7603 (+4.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 164.8588 | 160.5442 | 161.9354 |
| February | 162.1793 | 159.6564 | 160.6549 |
| March | 163.1146 | 161.0386 | 162.0619 |
| April | 163.0516 | 159.9696 | 161.6703 |
| May | 163.3923 | 161.6202 | 162.5375 |
| June | 164.1396 | 160.6889 | 162.3377 |
| July | 163.8858 | 161.4455 | 162.6064 |
| August | 167.5801 | 162.2227 | 164.7561 |
| September | 167.7921 | 165.5046 | 166.5288 |
| October | 167.8377 | 161.7802 | 164.3038 |
| November | 165.4045 | 158.7900 | 161.8937 |
| December | 162.1532 | 158.3703 | 160.9237 |