2024 SGD to BIF Historical Review

YEARLY HIGH

2260.5161 BIF

YEARLY LOW

2099.6521 BIF

YEARLY AVERAGE

2158.7278 BIF

2024 SGD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2260.5161. Conversely, the yearly low was recorded on April 13, dropping to 2099.6521.

This high-to-low spread represents a total annual volatility of 160.8641 BIF. From a start-to-finish perspective, comparing the January average rate of 2136.0550 to the December average rate of 2181.7812, the exchange rate registered a net change of 2.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2260.5161 was up 4.35% compared to the 2023 peak of 2166.3176, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,302,581 BIF

2023 Average 9,481,339 BIF

Yearly Trough Low 10,498,260 BIF

Transaction Impact: A difference of 804,320.34 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2245.9855

2098.8723

JanuMarcMayJulySeptNove

SGD 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 2126.2327, compared to 2191.2229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 64.9902 points.

H1 Avg (Jan–Jun) 2126.2327

H2 Avg (Jul–Dec) 2191.2229

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 78.6242 BIF (High: 2225.7242 / Low: 2147.1001). On the other end, June was the most stable month, with a tight range of 24.1748 BIF (High: 2141.5256 / Low: 2117.3508).

November Spread (Volatile) ±78.6242

June Spread (Stable) ±24.1748

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 30.4318 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -30.4318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2233.7260) against the same month in 2023 (average: 2080.0988), the exchange rate shifted by +153.6273 (+7.39%).

2024 Avg (September) 2233.7260

2023 Avg (September) 2080.0988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2164.2662	2124.1494	2136.0550
February	2138.8494	2113.0859	2126.0888
March	2153.4473	2111.6254	2132.8418
April	2131.6294	2099.6521	2111.1318
May	2136.8601	2108.1747	2124.5861
June	2141.5256	2117.3508	2126.6927
July	2154.6703	2118.8754	2139.2128
August	2219.3387	2153.4879	2189.8654
September	2260.5161	2206.0541	2233.7260
October	2255.8071	2192.3167	2216.5919
November	2225.7242	2147.1001	2186.1601
December	2208.2238	2156.5852	2181.7812