2023 BAM to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1628.6354. Conversely, the yearly low was recorded on January 7, dropping to 1105.4220.
This high-to-low spread represents a total annual volatility of 523.2134 BIF. From a start-to-finish perspective, comparing the January average rate of 1138.3799 to the December average rate of 1591.0723, the exchange rate registered a net change of 39.77% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1628.6354 was up 37.97% compared to the 2022 peak of 1180.4260, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BAM 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 1245.6124, compared to 1571.0412 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 325.4288 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 406.8608 BIF (High: 1558.7212 / Low: 1151.8604). On the other end, April was the most stable month, with a tight range of 20.8750 BIF (High: 1177.2764 / Low: 1156.4013).
Growth Streaks & Declines
TrendsBetween February and July, 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 August and September, when the average rate fell by 30.7148 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 1599.8913) against the same month in 2022 (average: 1072.2955), the exchange rate shifted by +527.5958 (+49.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1153.5302 | 1105.4220 | 1138.3799 |
| February | 1166.4288 | 1116.5587 | 1135.6517 |
| March | 1161.2164 | 1120.1898 | 1136.4238 |
| April | 1177.2764 | 1156.4013 | 1166.7472 |
| May | 1558.7212 | 1151.8604 | 1328.8014 |
| June | 1593.1757 | 1544.4841 | 1567.6707 |
| July | 1628.6354 | 1568.7185 | 1599.8913 |
| August | 1597.8358 | 1563.5566 | 1581.4630 |
| September | 1569.7370 | 1530.3486 | 1550.7482 |
| October | 1547.1347 | 1520.4328 | 1533.7436 |
| November | 1597.3223 | 1530.8763 | 1569.3290 |
| December | 1617.9355 | 1567.7951 | 1591.0723 |