2024 SYP to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SYP to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SYP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 1.1789. Conversely, the yearly low was recorded on December 22, dropping to 0.2265.
This high-to-low spread represents a total annual volatility of 0.9525 BIF. From a start-to-finish perspective, comparing the January average rate of 1.1357 to the December average rate of 0.8366, the exchange rate registered a net change of -26.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.1789 was up 3.55% compared to the 2023 peak of 1.1385, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SYP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SYP 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 1.1400, compared to 1.0999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0401 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.9515 BIF (High: 1.1780 / Low: 0.2265). On the other end, July was the most stable month, with a tight range of 0.0056 BIF (High: 1.1480 / Low: 1.1424).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3261 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 1.1626) against the same month in 2023 (average: 1.1302), the exchange rate shifted by +0.0325 (+2.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.1383 | 1.1309 | 1.1357 |
| February | 1.1438 | 1.1347 | 1.1382 |
| March | 1.1417 | 1.1337 | 1.1386 |
| April | 1.1439 | 1.1373 | 1.1405 |
| May | 1.1447 | 1.1376 | 1.1422 |
| June | 1.1530 | 1.1413 | 1.1448 |
| July | 1.1480 | 1.1424 | 1.1458 |
| August | 1.1516 | 1.1383 | 1.1465 |
| September | 1.1549 | 1.1468 | 1.1518 |
| October | 1.1744 | 1.1512 | 1.1562 |
| November | 1.1789 | 1.1522 | 1.1626 |
| December | 1.1780 | 0.2265 | 0.8366 |