2024 SBD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SBD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SBD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 357.0163. Conversely, the yearly low was recorded on March 12, dropping to 327.2704.
This high-to-low spread represents a total annual volatility of 29.7459 BIF. From a start-to-finish perspective, comparing the January average rate of 338.8587 to the December average rate of 351.7846, the exchange rate registered a net change of 3.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 357.0163 was up 4.65% compared to the 2023 peak of 341.1451, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SBD 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 338.5360, compared to 346.3860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.8500 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 13.1622 BIF (High: 340.4326 / Low: 327.2704). On the other end, May was the most stable month, with a tight range of 2.4657 BIF (High: 339.3132 / Low: 336.8474).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.9764 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 349.7021) against the same month in 2023 (average: 336.5654), the exchange rate shifted by +13.1367 (+3.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 341.8681 | 336.6802 | 338.8587 |
| February | 341.0597 | 335.9396 | 338.3112 |
| March | 340.4326 | 327.2704 | 337.9322 |
| April | 339.9220 | 335.4902 | 337.9610 |
| May | 339.3132 | 336.8474 | 338.2255 |
| June | 343.2627 | 338.0410 | 339.9274 |
| July | 342.7041 | 339.3853 | 340.7068 |
| August | 343.6196 | 336.8544 | 339.7304 |
| September | 349.3346 | 341.0054 | 346.9949 |
| October | 357.0163 | 347.0759 | 349.7021 |
| November | 354.3081 | 345.1486 | 349.3972 |
| December | 353.1464 | 345.3189 | 351.7846 |