2023 ARS to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ARS to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ARS to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 21, valuing the pair at 12.1521. Conversely, the yearly low was recorded on December 31, dropping to 3.5198.
This high-to-low spread represents a total annual volatility of 8.6323 BIF. From a start-to-finish perspective, comparing the January average rate of 11.3678 to the December average rate of 5.2155, the exchange rate registered a net change of -54.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 12.1521 was down 37.71% compared to the 2022 peak of 19.5102, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ARS 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 10.6420, compared to 8.1736 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4684 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 4.3685 BIF (High: 7.8883 / Low: 3.5198). On the other end, September was the most stable month, with a tight range of 0.0673 BIF (High: 8.1351 / Low: 8.0677).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.8241 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 10.3462) against the same month in 2022 (average: 17.2713), the exchange rate shifted by -6.9251 (-40.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.7042 | 11.0924 | 11.3678 |
| February | 11.1091 | 10.5029 | 10.8130 |
| March | 10.4964 | 9.9766 | 10.2539 |
| April | 10.0053 | 9.3071 | 9.6657 |
| May | 12.1521 | 8.9760 | 10.3462 |
| June | 11.7508 | 11.0524 | 11.4052 |
| July | 11.0798 | 10.2869 | 10.6543 |
| August | 10.2576 | 8.0836 | 8.9179 |
| September | 8.1351 | 8.0677 | 8.1051 |
| October | 8.1434 | 8.0692 | 8.1092 |
| November | 8.1428 | 7.8970 | 8.0396 |
| December | 7.8883 | 3.5198 | 5.2155 |