2023 AFN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AFN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AFN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 41.1705. Conversely, the yearly low was recorded on April 18, dropping to 22.7426.
This high-to-low spread represents a total annual volatility of 18.4279 BIF. From a start-to-finish perspective, comparing the January average rate of 23.2848 to the December average rate of 40.7552, the exchange rate registered a net change of 75.03% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 41.1705 was up 70.45% compared to the 2022 peak of 24.1538, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AFN 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 25.6839, compared to 36.7919 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.1080 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 9.0807 BIF (High: 32.5180 / Low: 23.4373). On the other end, January was the most stable month, with a tight range of 0.5638 BIF (High: 23.5952 / Low: 23.0314).
Growth Streaks & Declines
TrendsBetween February and December, 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 January and February, when the average rate fell by 0.1584 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 39.7659) against the same month in 2022 (average: 23.4300), the exchange rate shifted by +16.3359 (+69.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5952 | 23.0314 | 23.2848 |
| February | 23.5896 | 22.8029 | 23.1264 |
| March | 24.3027 | 23.2179 | 23.7019 |
| April | 24.4282 | 22.7426 | 24.0038 |
| May | 32.5180 | 23.4373 | 27.3548 |
| June | 33.2906 | 32.2812 | 32.6316 |
| July | 33.2352 | 32.0996 | 32.6664 |
| August | 34.8556 | 32.7015 | 33.5751 |
| September | 38.6933 | 34.7476 | 36.4033 |
| October | 38.7342 | 36.2668 | 37.5852 |
| November | 41.1705 | 38.2349 | 39.7659 |
| December | 41.1362 | 40.3271 | 40.7552 |