2023 BIF to CVE Historical Review

YEARLY HIGH

0.0507 CVE

YEARLY LOW

0.0346 CVE

YEARLY AVERAGE

0.0410 CVE

2023 BIF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0507. Conversely, the yearly low was recorded on July 18, dropping to 0.0346.

This high-to-low spread represents a total annual volatility of 0.0161 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0495 to the December average rate of 0.0355, the exchange rate registered a net change of -28.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0507 was down 10.62% compared to the 2022 peak of 0.0567, 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 253 CVE

2022 Average 257 CVE

Yearly Trough Low 173 CVE

Transaction Impact: A difference of 80.29 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0512

0.0338

JanuMarcMayJulySeptNove

BIF to CVE 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 0.0461, compared to 0.0359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.0461

H2 Avg (Jul–Dec) 0.0359

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0127 CVE (High: 0.0489 / Low: 0.0362). On the other end, October was the most stable month, with a tight range of 0.0006 CVE (High: 0.0371 / Low: 0.0365).

May Spread (Volatile) ±0.0127

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between July and October, 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 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0495) against the same month in 2022 (average: 0.0488), the exchange rate shifted by +0.0007 (+1.52%).

2023 Avg (January) 0.0495

2022 Avg (January) 0.0488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0507	0.0490	0.0495
February	0.0505	0.0487	0.0497
March	0.0503	0.0487	0.0496
April	0.0488	0.0479	0.0484
May	0.0489	0.0362	0.0434
June	0.0370	0.0355	0.0361
July	0.0359	0.0346	0.0353
August	0.0361	0.0353	0.0357
September	0.0369	0.0359	0.0364
October	0.0371	0.0365	0.0368
November	0.0373	0.0354	0.0360
December	0.0363	0.0349	0.0355