2023 BIF to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BIF to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BIF to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 11.1306. Conversely, the yearly low was recorded on December 17, dropping to 7.7894.
This high-to-low spread represents a total annual volatility of 3.3412 STD. From a start-to-finish perspective, comparing the January average rate of 11.0319 to the December average rate of 7.8161, the exchange rate registered a net change of -29.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 11.1306 was down 3.22% compared to the 2022 peak of 11.5010, 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 STD 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 10.3052, compared to 7.8791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4261 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 2.9024 STD (High: 10.9808 / Low: 8.0784). On the other end, December was the most stable month, with a tight range of 0.0425 STD (High: 7.8319 / Low: 7.7894).
Growth Streaks & Declines
TrendsNo 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 1.6859 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 10.9931) against the same month in 2022 (average: 10.5730), the exchange rate shifted by +0.4201 (+3.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.0742 | 11.0034 | 11.0319 |
| February | 11.0581 | 10.9214 | 11.0091 |
| March | 11.1306 | 10.9468 | 10.9931 |
| April | 11.0731 | 10.9468 | 10.9767 |
| May | 10.9808 | 8.0784 | 9.7530 |
| June | 8.1084 | 8.0310 | 8.0672 |
| July | 8.1261 | 7.8595 | 8.0418 |
| August | 7.8947 | 7.8371 | 7.8621 |
| September | 7.8904 | 7.8292 | 7.8570 |
| October | 7.8913 | 7.8237 | 7.8504 |
| November | 7.9101 | 7.8182 | 7.8469 |
| December | 7.8319 | 7.7894 | 7.8161 |