2024 MXN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 175.1871. Conversely, the yearly low was recorded on November 25, dropping to 140.6828.
This high-to-low spread represents a total annual volatility of 34.5043 BIF. From a start-to-finish perspective, comparing the January average rate of 167.2927 to the December average rate of 145.5506, the exchange rate registered a net change of -13.00% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 175.1871 was up 3.13% compared to the 2023 peak of 169.8663, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 167.4710, compared to 149.0284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.4426 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 15.8377 BIF (High: 169.1218 / Low: 153.2842). On the other end, February was the most stable month, with a tight range of 2.1293 BIF (High: 168.0682 / Low: 165.9389).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 12.6215 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 170.4967) against the same month in 2023 (average: 115.0868), the exchange rate shifted by +55.4098 (+48.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 169.4249 | 164.8675 | 167.2927 |
| February | 168.0682 | 165.9389 | 167.3349 |
| March | 172.8715 | 167.6541 | 170.6168 |
| April | 175.1871 | 166.7995 | 170.4967 |
| May | 173.1958 | 168.4797 | 170.8533 |
| June | 169.1218 | 153.2842 | 158.2318 |
| July | 163.1389 | 153.4446 | 159.0561 |
| August | 155.1363 | 145.6578 | 150.4430 |
| September | 151.6873 | 144.1563 | 147.6993 |
| October | 151.9072 | 144.1753 | 147.6703 |
| November | 147.8694 | 140.6828 | 143.7512 |
| December | 147.2106 | 141.7221 | 145.5506 |