2024 NZD to BIF Historical Review

YEARLY HIGH

1841.2233 BIF

YEARLY LOW

1654.2603 BIF

YEARLY AVERAGE

1744.9233 BIF

2024 NZD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 1841.2233. Conversely, the yearly low was recorded on December 31, dropping to 1654.2603.

This high-to-low spread represents a total annual volatility of 186.9630 BIF. From a start-to-finish perspective, comparing the January average rate of 1761.8178 to the December average rate of 1691.4300, the exchange rate registered a net change of -4.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1841.2233 was up 1.63% compared to the 2023 peak of 1811.7794, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NZD based on timing:

Yearly Peak High 9,206,116 BIF

2023 Average 7,807,352 BIF

Yearly Trough Low 8,271,301 BIF

Transaction Impact: A difference of 934,814.87 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1812.9700

1680.3809

JanuMarcMayJulySeptNove

NZD to BIF Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1744.1442, compared to 1745.7024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5582 points.

H1 Avg (Jan–Jun) 1744.1442

H2 Avg (Jul–Dec) 1745.7024

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 109.8592 BIF (High: 1810.6061 / Low: 1700.7469). On the other end, June was the most stable month, with a tight range of 31.5681 BIF (High: 1782.3372 / Low: 1750.7691).

August Spread (Volatile) ±109.8592

June Spread (Stable) ±31.5681

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 39.3892 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -39.3892

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1801.9209) against the same month in 2023 (average: 1681.1934), the exchange rate shifted by +120.7275 (+7.18%).

2024 Avg (September) 1801.9209

2023 Avg (September) 1681.1934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1803.7044	1732.7191	1761.8178
February	1776.6328	1729.2822	1752.5353
March	1771.3132	1706.1112	1738.0590
April	1738.6817	1686.0011	1705.9842
May	1768.4124	1701.7440	1742.1315
June	1782.3372	1750.7691	1764.3376
July	1769.4694	1693.3434	1736.7674
August	1810.6061	1700.7469	1753.2007
September	1841.2233	1774.6052	1801.9209
October	1822.7761	1733.7014	1765.1424
November	1763.5497	1682.0228	1725.7533
December	1735.3090	1654.2603	1691.4300