2024 YER to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 YER to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the YER to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 11.8544. Conversely, the yearly low was recorded on January 7, dropping to 11.3474.
This high-to-low spread represents a total annual volatility of 0.5070 BIF. From a start-to-finish perspective, comparing the January average rate of 11.3980 to the December average rate of 11.7875, the exchange rate registered a net change of 3.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.8544 was up 3.72% compared to the 2023 peak of 11.4293, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 YER based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
YER 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 11.4421, compared to 11.6078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1657 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.2857 BIF (High: 11.8495 / Low: 11.5638). On the other end, July was the most stable month, with a tight range of 0.0562 BIF (High: 11.5202 / Low: 11.4641).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 11.6885) against the same month in 2023 (average: 11.3434), the exchange rate shifted by +0.3452 (+3.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.4240 | 11.3474 | 11.3980 |
| February | 11.4911 | 11.3879 | 11.4257 |
| March | 11.4574 | 11.3753 | 11.4268 |
| April | 11.4827 | 11.4137 | 11.4451 |
| May | 11.5086 | 11.4221 | 11.4682 |
| June | 11.5681 | 11.4543 | 11.4884 |
| July | 11.5202 | 11.4641 | 11.4992 |
| August | 11.5591 | 11.4240 | 11.5066 |
| September | 11.5931 | 11.5093 | 11.5605 |
| October | 11.7865 | 11.5515 | 11.6041 |
| November | 11.8544 | 11.5828 | 11.6885 |
| December | 11.8495 | 11.5638 | 11.7875 |