2024 SAR to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SAR to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SAR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 788.6059. Conversely, the yearly low was recorded on January 7, dropping to 757.6219.
This high-to-low spread represents a total annual volatility of 30.9840 BIF. From a start-to-finish perspective, comparing the January average rate of 760.8720 to the December average rate of 784.6702, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 788.6059 was up 3.39% compared to the 2023 peak of 762.7673, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SAR 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 763.7116, compared to 773.7398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.0283 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 18.0324 BIF (High: 788.6059 / Low: 770.5735). On the other end, July was the most stable month, with a tight range of 3.8079 BIF (High: 769.0215 / Low: 765.2136).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 777.8132) against the same month in 2023 (average: 757.2088), the exchange rate shifted by +20.6044 (+2.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 762.6724 | 757.6219 | 760.8720 |
| February | 766.3109 | 760.0972 | 762.5706 |
| March | 764.8456 | 759.4459 | 762.8090 |
| April | 766.5878 | 761.7330 | 763.9825 |
| May | 766.9233 | 762.1231 | 765.1976 |
| June | 772.5096 | 764.2034 | 766.8380 |
| July | 769.0215 | 765.2136 | 767.4544 |
| August | 771.1484 | 764.0209 | 767.6709 |
| September | 773.1928 | 767.6660 | 771.2454 |
| October | 785.8339 | 770.0815 | 773.5848 |
| November | 788.6059 | 770.5735 | 777.8132 |
| December | 788.3855 | 770.6412 | 784.6702 |