2023 BIF to CNY Historical Review

YEARLY HIGH

0.0034 CNY

YEARLY LOW

0.0025 CNY

YEARLY AVERAGE

0.0028 CNY

2023 BIF to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 0.0034. Conversely, the yearly low was recorded on December 17, dropping to 0.0025.

This high-to-low spread represents a total annual volatility of 0.0009 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0033 to the December average rate of 0.0025, the exchange rate registered a net change of -23.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0034 was down 4.72% compared to the 2022 peak of 0.0035, 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 17 CNY

2022 Average 16 CNY

Yearly Trough Low 12 CNY

Transaction Impact: A difference of 4.51 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0034

0.0024

JanuMarcMayJulySeptNove

BIF to CNY 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 0.0031, compared to 0.0025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0031

H2 Avg (Jul–Dec) 0.0025

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0009 CNY (High: 0.0034 / Low: 0.0025). On the other end, September was the most stable month, with a tight range of 0.0000 CNY (High: 0.0026 / Low: 0.0026).

May Spread (Volatile) ±0.0009

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between June and September, 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 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0030) against the same month in 2022 (average: 0.0033), the exchange rate shifted by -0.0003 (-9.43%).

2023 Avg (May) 0.0030

2022 Avg (May) 0.0033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0033	0.0032	0.0033
February	0.0034	0.0032	0.0033
March	0.0034	0.0033	0.0033
April	0.0034	0.0033	0.0033
May	0.0034	0.0025	0.0030
June	0.0026	0.0025	0.0025
July	0.0026	0.0025	0.0025
August	0.0026	0.0025	0.0026
September	0.0026	0.0026	0.0026
October	0.0026	0.0025	0.0026
November	0.0026	0.0025	0.0025
December	0.0025	0.0025	0.0025