2023 AWG to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AWG to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AWG to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 21, valuing the pair at 1609.2631. Conversely, the yearly low was recorded on March 18, dropping to 1139.1984.
This high-to-low spread represents a total annual volatility of 470.0648 BIF. From a start-to-finish perspective, comparing the January average rate of 1148.6729 to the December average rate of 1582.7559, the exchange rate registered a net change of 37.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1609.2631 was up 39.37% compared to the 2022 peak of 1154.6691, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AWG 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 1251.0006, compared to 1576.3097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 325.3091 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 412.6940 BIF (High: 1567.4400 / Low: 1154.7460). On the other end, January was the most stable month, with a tight range of 8.7644 BIF (High: 1152.1763 / Low: 1143.4119).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.2825 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 1580.3062) against the same month in 2022 (average: 1143.4655), the exchange rate shifted by +436.8407 (+38.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1152.1763 | 1143.4119 | 1148.6729 |
| February | 1159.4086 | 1146.6667 | 1151.2122 |
| March | 1158.3333 | 1139.1984 | 1152.8967 |
| April | 1158.3333 | 1145.1136 | 1154.3321 |
| May | 1567.4400 | 1154.7460 | 1328.2400 |
| June | 1578.0556 | 1563.8024 | 1570.6498 |
| July | 1577.9689 | 1558.2331 | 1570.3673 |
| August | 1579.5097 | 1565.8127 | 1573.4341 |
| September | 1582.1975 | 1570.1859 | 1575.0069 |
| October | 1582.2222 | 1567.3255 | 1575.9876 |
| November | 1609.2631 | 1564.9238 | 1580.3062 |
| December | 1589.1823 | 1578.3634 | 1582.7559 |