2024 SRD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 100.7824. Conversely, the yearly low was recorded on January 15, dropping to 77.2485.
This high-to-low spread represents a total annual volatility of 23.5339 BIF. From a start-to-finish perspective, comparing the January average rate of 77.7750 to the December average rate of 83.6994, the exchange rate registered a net change of 7.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 100.7824 was up 29.76% compared to the 2023 peak of 77.6681, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SRD 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 83.4427, compared to 91.7756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.3329 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 10.0780 BIF (High: 94.5667 / Low: 84.4887). On the other end, January was the most stable month, with a tight range of 1.0690 BIF (High: 78.3175 / Low: 77.2485).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 8.0264 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 100.0323) against the same month in 2023 (average: 74.0503), the exchange rate shifted by +25.9820 (+35.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.3175 | 77.2485 | 77.7750 |
| February | 81.0539 | 77.8393 | 79.1145 |
| March | 82.1571 | 80.5566 | 81.2044 |
| April | 84.8350 | 81.5543 | 82.7931 |
| May | 89.4510 | 84.8249 | 88.0094 |
| June | 93.9728 | 89.1380 | 91.7598 |
| July | 99.8640 | 93.2945 | 96.9910 |
| August | 100.7824 | 99.1578 | 100.0323 |
| September | 100.0205 | 94.1353 | 97.4670 |
| October | 94.5667 | 84.4887 | 89.4406 |
| November | 84.5066 | 81.5631 | 83.0235 |
| December | 84.3964 | 82.0206 | 83.6994 |