2023 BIF to CDF Historical Review

YEARLY HIGH

1.1003 CDF

YEARLY LOW

0.8068 CDF

YEARLY AVERAGE

0.9254 CDF

2023 BIF to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 16, valuing the pair at 1.1003. Conversely, the yearly low was recorded on May 20, dropping to 0.8068.

This high-to-low spread represents a total annual volatility of 0.2935 CDF. From a start-to-finish perspective, comparing the January average rate of 0.9902 to the December average rate of 0.9550, the exchange rate registered a net change of -3.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1003 was up 8.42% compared to the 2022 peak of 1.0148, 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 5,501 CDF

2022 Average 4,945 CDF

Yearly Trough Low 4,034 CDF

Transaction Impact: A difference of 1,467.30 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0176

0.8175

JanuMarcMayJulySeptNove

BIF to CDF 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 0.9574, compared to 0.8933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0641 points.

H1 Avg (Jan–Jun) 0.9574

H2 Avg (Jul–Dec) 0.8933

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2935 CDF (High: 1.1003 / Low: 0.8068). On the other end, August was the most stable month, with a tight range of 0.0167 CDF (High: 0.8785 / Low: 0.8618).

May Spread (Volatile) ±0.2935

August Spread (Stable) ±0.0167

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0942 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0942

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.9284) against the same month in 2022 (average: 0.9881), the exchange rate shifted by -0.0597 (-6.04%).

2023 Avg (May) 0.9284

2022 Avg (May) 0.9881

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0047	0.9799	0.9902
February	1.0072	0.9855	0.9948
March	1.0028	0.9813	0.9960
April	1.0524	0.9813	1.0009
May	1.1003	0.8068	0.9284
June	0.8480	0.8225	0.8342
July	0.9004	0.8480	0.8726
August	0.8785	0.8618	0.8737
September	0.8832	0.8660	0.8758
October	0.9169	0.8693	0.8872
November	0.9565	0.8712	0.8956
December	0.9791	0.9335	0.9550