2023 BIF to NGN Historical Review

YEARLY HIGH

0.3148 NGN

YEARLY LOW

0.1630 NGN

YEARLY AVERAGE

0.2462 NGN

2023 BIF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.3148. Conversely, the yearly low was recorded on June 4, dropping to 0.1630.

This high-to-low spread represents a total annual volatility of 0.1518 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2197 to the December average rate of 0.2842, the exchange rate registered a net change of 29.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3148 was up 44.84% compared to the 2022 peak of 0.2173, 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 1,574 NGN

2022 Average 1,037 NGN

Yearly Trough Low 815 NGN

Transaction Impact: A difference of 758.93 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2929

0.1884

JanuMarcMayJulySeptNove

BIF to NGN 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 0.2157, compared to 0.2767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0611 points.

H1 Avg (Jan–Jun) 0.2157

H2 Avg (Jul–Dec) 0.2767

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1268 NGN (High: 0.2898 / Low: 0.1630). On the other end, March was the most stable month, with a tight range of 0.0013 NGN (High: 0.2221 / Low: 0.2208).

June Spread (Volatile) ±0.1268

March Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.0247 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2842) against the same month in 2022 (average: 0.2155), the exchange rate shifted by +0.0687 (+31.89%).

2023 Avg (December) 0.2842

2022 Avg (December) 0.2155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2233	0.2159	0.2197
February	0.2227	0.2214	0.2221
March	0.2221	0.2208	0.2214
April	0.2239	0.2208	0.2218
May	0.2221	0.1631	0.1971
June	0.2898	0.1630	0.2118
July	0.2800	0.2675	0.2746
August	0.2748	0.2651	0.2708
September	0.2789	0.2627	0.2729
October	0.3113	0.2669	0.2758
November	0.2911	0.2773	0.2820
December	0.3148	0.2677	0.2842