2023 BIF to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BIF to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BIF to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 8.4357. Conversely, the yearly low was recorded on May 23, dropping to 6.2441.
This high-to-low spread represents a total annual volatility of 2.1915 LAK. From a start-to-finish perspective, comparing the January average rate of 8.2119 to the December average rate of 7.2454, the exchange rate registered a net change of -11.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.4357 was down 6.13% compared to the 2022 peak of 8.9868, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BIF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BIF to LAK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 7.7860, compared to 7.0713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7146 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.1915 LAK (High: 8.4357 / Low: 6.2441). On the other end, November was the most stable month, with a tight range of 0.0399 LAK (High: 7.3048 / Low: 7.2649).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.9983 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 7.4947) against the same month in 2022 (average: 6.3710), the exchange rate shifted by +1.1238 (+17.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3732 | 8.1197 | 8.2119 |
| February | 8.2076 | 8.0702 | 8.1394 |
| March | 8.1636 | 8.0971 | 8.1280 |
| April | 8.3165 | 8.1487 | 8.2453 |
| May | 8.4357 | 6.2441 | 7.4947 |
| June | 6.7043 | 6.2836 | 6.4965 |
| July | 6.8327 | 6.5992 | 6.7527 |
| August | 6.9413 | 6.7446 | 6.8602 |
| September | 7.1919 | 6.9445 | 7.0260 |
| October | 7.3003 | 7.1673 | 7.2571 |
| November | 7.3048 | 7.2649 | 7.2865 |
| December | 7.2862 | 7.1844 | 7.2454 |