2023 BIF to IRR Historical Review

YEARLY HIGH

20.6042 IRR

YEARLY LOW

14.6905 IRR

YEARLY AVERAGE

16.9664 IRR

2023 BIF to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 20.6042. Conversely, the yearly low was recorded on December 28, dropping to 14.6905.

This high-to-low spread represents a total annual volatility of 5.9136 IRR. From a start-to-finish perspective, comparing the January average rate of 20.2694 to the December average rate of 14.8138, the exchange rate registered a net change of -26.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.6042 was down 3.50% compared to the 2022 peak of 21.3525, 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 103,021 IRR

2022 Average 103,501 IRR

Yearly Trough Low 73,453 IRR

Transaction Impact: A difference of 29,568.20 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.9190

14.2588

JanuMarcMayJulySeptNove

BIF to IRR 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 19.0448, compared to 14.8880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1569 points.

H1 Avg (Jan–Jun) 19.0448

H2 Avg (Jul–Dec) 14.8880

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 5.3670 IRR (High: 20.3388 / Low: 14.9718). On the other end, September was the most stable month, with a tight range of 0.1214 IRR (High: 14.9624 / Low: 14.8410).

May Spread (Volatile) ±5.3670

September Spread (Stable) ±0.1214

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 3.1209 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -3.1209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 20.3078) against the same month in 2022 (average: 20.8861), the exchange rate shifted by -0.5782 (-2.77%).

2023 Avg (March) 20.3078

2022 Avg (March) 20.8861

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.4755	20.0751	20.2694
February	20.5063	20.0388	20.3640
March	20.6042	19.9991	20.3078
April	20.4977	20.2638	20.3232
May	20.3388	14.9718	18.0628
June	15.0186	14.8663	14.9419
July	15.0425	14.8526	14.9300
August	14.9918	14.8683	14.9182
September	14.9624	14.8410	14.8991
October	14.9589	14.8350	14.8857
November	14.9954	14.8289	14.8811
December	14.8532	14.6905	14.8138