2024 SEK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 287.4719. Conversely, the yearly low was recorded on April 30, dropping to 260.3327.
This high-to-low spread represents a total annual volatility of 27.1392 BIF. From a start-to-finish perspective, comparing the January average rate of 275.8179 to the December average rate of 268.1034, the exchange rate registered a net change of -2.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 287.4719 was up 0.25% compared to the 2023 peak of 286.7423, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 271.6426, compared to 274.1432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5006 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 16.1888 BIF (High: 284.4094 / Low: 268.2206). On the other end, December was the most stable month, with a tight range of 6.6855 BIF (High: 271.4099 / Low: 264.7244).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 9.6121 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 283.1264) against the same month in 2023 (average: 255.6772), the exchange rate shifted by +27.4492 (+10.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 283.5389 | 272.1400 | 275.8179 |
| February | 278.1772 | 269.3922 | 274.0530 |
| March | 279.9223 | 267.5212 | 274.4336 |
| April | 271.6689 | 260.3327 | 264.8215 |
| May | 273.0268 | 262.6170 | 267.0252 |
| June | 276.8760 | 269.7017 | 273.7043 |
| July | 277.8904 | 265.8607 | 270.7761 |
| August | 284.4094 | 268.2206 | 277.1922 |
| September | 287.4719 | 278.3196 | 283.1264 |
| October | 283.0602 | 272.2339 | 277.3227 |
| November | 273.9802 | 262.2117 | 268.3384 |
| December | 271.4099 | 264.7244 | 268.1034 |