2023 BIF to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BIF to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BIF to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 8.6147. Conversely, the yearly low was recorded on July 8, dropping to 6.2124.
This high-to-low spread represents a total annual volatility of 2.4023 SLL. From a start-to-finish perspective, comparing the January average rate of 8.5383 to the December average rate of 7.3558, the exchange rate registered a net change of -13.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.6147 was up 0.08% compared to the 2022 peak of 8.6077, 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 SLL 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 7.9758, compared to 7.2193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7565 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.2463 SLL (High: 8.4987 / Low: 6.2524). On the other end, December was the most stable month, with a tight range of 0.0400 SLL (High: 7.3707 / Low: 7.3306).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.3048 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 8.5083) against the same month in 2022 (average: 5.7245), the exchange rate shifted by +2.7838 (+48.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.5711 | 8.5163 | 8.5383 |
| February | 8.5586 | 8.4528 | 8.5207 |
| March | 8.6147 | 8.4724 | 8.5083 |
| April | 8.5702 | 8.4724 | 8.4956 |
| May | 8.4987 | 6.2524 | 7.5485 |
| June | 6.2757 | 6.2157 | 6.2437 |
| July | 7.4352 | 6.2124 | 6.3940 |
| August | 7.4297 | 7.3755 | 7.3991 |
| September | 7.4257 | 7.3681 | 7.3943 |
| October | 7.4266 | 7.3629 | 7.3881 |
| November | 7.4443 | 7.3577 | 7.3848 |
| December | 7.3707 | 7.3306 | 7.3558 |