2023 BIF to ARS Historical Review

YEARLY HIGH

0.2841 ARS

YEARLY LOW

0.0823 ARS

YEARLY AVERAGE

0.1140 ARS

2023 BIF to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.2841. Conversely, the yearly low was recorded on May 21, dropping to 0.0823.

This high-to-low spread represents a total annual volatility of 0.2018 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0880 to the December average rate of 0.2216, the exchange rate registered a net change of 151.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2841 was up 230.72% compared to the 2022 peak of 0.0859, 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 1,421 ARS

2022 Average 320 ARS

Yearly Trough Low 411 ARS

Transaction Impact: A difference of 1,009.07 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2350

0.0743

JanuMarcMayJulySeptNove

BIF to ARS 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 0.0946, compared to 0.1333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0387 points.

H1 Avg (Jan–Jun) 0.0946

H2 Avg (Jul–Dec) 0.1333

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1573 ARS (High: 0.2841 / Low: 0.1268). On the other end, September was the most stable month, with a tight range of 0.0010 ARS (High: 0.1240 / Low: 0.1229).

December Spread (Volatile) ±0.1573

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0107 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0107

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2216) against the same month in 2022 (average: 0.0834), the exchange rate shifted by +0.1383 (+165.89%).

2023 Avg (December) 0.2216

2022 Avg (December) 0.0834

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0902	0.0854	0.0880
February	0.0952	0.0900	0.0925
March	0.1002	0.0953	0.0975
April	0.1074	0.0999	0.1035
May	0.1114	0.0823	0.0984
June	0.0905	0.0851	0.0877
July	0.0972	0.0903	0.0939
August	0.1237	0.0975	0.1134
September	0.1240	0.1229	0.1234
October	0.1239	0.1228	0.1233
November	0.1266	0.1228	0.1244
December	0.2841	0.1268	0.2216