2024 NAD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NAD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NAD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 168.6424. Conversely, the yearly low was recorded on February 26, dropping to 148.0049.
This high-to-low spread represents a total annual volatility of 20.6375 BIF. From a start-to-finish perspective, comparing the January average rate of 151.9027 to the December average rate of 161.7726, the exchange rate registered a net change of 6.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 168.6424 was up 4.87% compared to the 2023 peak of 160.8054, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NAD 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 153.0579, compared to 161.9916 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.9337 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 10.6843 BIF (High: 167.4832 / Low: 156.7989). On the other end, July was the most stable month, with a tight range of 4.2238 BIF (High: 160.0629 / Low: 155.8391).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.3470 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 164.2998) against the same month in 2023 (average: 149.4727), the exchange rate shifted by +14.8271 (+9.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 154.2403 | 148.7985 | 151.9027 |
| February | 154.5027 | 148.0049 | 150.7355 |
| March | 153.9817 | 149.2978 | 151.7438 |
| April | 154.9875 | 149.3131 | 151.7269 |
| May | 158.6940 | 153.9071 | 156.1089 |
| June | 160.6406 | 151.1492 | 156.1297 |
| July | 160.0629 | 155.8391 | 157.8700 |
| August | 163.7476 | 155.3849 | 159.7643 |
| September | 168.6424 | 160.3853 | 164.2998 |
| October | 168.2589 | 163.5105 | 165.2949 |
| November | 167.8677 | 158.7671 | 162.9479 |
| December | 167.4832 | 156.7989 | 161.7726 |