2024 SHP to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SHP to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SHP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 3891.8801. Conversely, the yearly low was recorded on April 21, dropping to 3540.9584.
This high-to-low spread represents a total annual volatility of 350.9216 BIF. From a start-to-finish perspective, comparing the January average rate of 3626.1714 to the December average rate of 3724.1919, the exchange rate registered a net change of 2.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3891.8801 was up 4.72% compared to the 2023 peak of 3716.5578, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SHP 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 3623.3367, compared to 3749.7497 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 126.4130 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 189.5800 BIF (High: 3817.0132 / Low: 3627.4332). On the other end, January was the most stable month, with a tight range of 46.5959 BIF (High: 3646.7155 / Low: 3600.1196).
Growth Streaks & Declines
TrendsBetween 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 65.6197 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 3825.9991) against the same month in 2023 (average: 3512.9424), the exchange rate shifted by +313.0567 (+8.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3646.7155 | 3600.1196 | 3626.1714 |
| February | 3644.1597 | 3580.9895 | 3612.2889 |
| March | 3688.3170 | 3589.2321 | 3635.4388 |
| April | 3634.0414 | 3540.9584 | 3584.7154 |
| May | 3669.5167 | 3587.2738 | 3626.5258 |
| June | 3686.6005 | 3630.8064 | 3654.8801 |
| July | 3744.0721 | 3638.0606 | 3704.9793 |
| August | 3827.7983 | 3654.9708 | 3729.4579 |
| September | 3891.8801 | 3776.6967 | 3825.9991 |
| October | 3855.7771 | 3744.9636 | 3789.7450 |
| November | 3817.0132 | 3627.4332 | 3724.1253 |
| December | 3773.5131 | 3689.3879 | 3724.1919 |