2023 BIF to JPY Historical Review

YEARLY HIGH

0.0665 JPY

YEARLY LOW

0.0488 JPY

YEARLY AVERAGE

0.0561 JPY

2023 BIF to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 0.0665. Conversely, the yearly low was recorded on July 13, dropping to 0.0488.

This high-to-low spread represents a total annual volatility of 0.0178 JPY. From a start-to-finish perspective, comparing the January average rate of 0.0629 to the December average rate of 0.0504, the exchange rate registered a net change of -19.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0665 was down 8.71% compared to the 2022 peak of 0.0729, 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 333 JPY

2022 Average 322 JPY

Yearly Trough Low 244 JPY

Transaction Impact: A difference of 88.82 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0658

0.0484

JanuMarcMayJulySeptNove

BIF to JPY 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 0.0607, compared to 0.0515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.0607

H2 Avg (Jul–Dec) 0.0515

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0176 JPY (High: 0.0665 / Low: 0.0489). On the other end, October was the most stable month, with a tight range of 0.0010 JPY (High: 0.0533 / Low: 0.0523).

May Spread (Volatile) ±0.0176

October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0086 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0585) against the same month in 2022 (average: 0.0633), the exchange rate shifted by -0.0048 (-7.58%).

2023 Avg (May) 0.0585

2022 Avg (May) 0.0633

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0644	0.0619	0.0629
February	0.0661	0.0620	0.0642
March	0.0661	0.0628	0.0643
April	0.0662	0.0629	0.0642
May	0.0665	0.0489	0.0585
June	0.0511	0.0492	0.0500
July	0.0514	0.0488	0.0499
August	0.0518	0.0500	0.0511
September	0.0526	0.0516	0.0521
October	0.0533	0.0523	0.0527
November	0.0535	0.0517	0.0528
December	0.0517	0.0494	0.0504