2023 BIF to AFN Historical Review

YEARLY HIGH

0.0440 AFN

YEARLY LOW

0.0243 AFN

YEARLY AVERAGE

0.0335 AFN

2023 BIF to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.0440. Conversely, the yearly low was recorded on November 22, dropping to 0.0243.

This high-to-low spread represents a total annual volatility of 0.0197 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0429 to the December average rate of 0.0245, the exchange rate registered a net change of -42.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0440 was down 16.67% compared to the 2022 peak of 0.0528, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BIF based on timing:

Yearly Peak High 220 AFN

2022 Average 220 AFN

Yearly Trough Low 121 AFN

Transaction Impact: A difference of 98.41 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0451

0.0227

JanuMarcMayJulySeptNove

BIF to AFN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0397, compared to 0.0274 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.0397

H2 Avg (Jul–Dec) 0.0274

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0119 AFN (High: 0.0427 / Low: 0.0308). On the other end, December was the most stable month, with a tight range of 0.0005 AFN (High: 0.0248 / Low: 0.0243).

May Spread (Volatile) ±0.0119

December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0067 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0417) against the same month in 2022 (average: 0.0430), the exchange rate shifted by -0.0014 (-3.17%).

2023 Avg (April) 0.0417

2022 Avg (April) 0.0430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0434	0.0424	0.0429
February	0.0439	0.0424	0.0432
March	0.0431	0.0411	0.0422
April	0.0440	0.0409	0.0417
May	0.0427	0.0308	0.0374
June	0.0310	0.0300	0.0306
July	0.0312	0.0301	0.0306
August	0.0306	0.0287	0.0298
September	0.0288	0.0258	0.0275
October	0.0276	0.0258	0.0266
November	0.0262	0.0243	0.0252
December	0.0248	0.0243	0.0245