2023 CNY to BIF Historical Review

YEARLY HIGH

404.0009 BIF

YEARLY LOW

296.1217 BIF

YEARLY AVERAGE

358.9262 BIF

2023 CNY to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 404.0009. Conversely, the yearly low was recorded on May 18, dropping to 296.1217.

This high-to-low spread represents a total annual volatility of 107.8792 BIF. From a start-to-finish perspective, comparing the January average rate of 304.6457 to the December average rate of 400.4819, the exchange rate registered a net change of 31.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 404.0009 was up 25.02% compared to the 2022 peak of 323.1502, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 10,100,022 BIF

2022 Average 7,597,996 BIF

Yearly Trough Low 7,403,042 BIF

Transaction Impact: A difference of 2,696,980.08 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

410.4073

291.3025

JanuMarcMayJulySeptNove

CNY to BIF 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 324.7031, compared to 393.1493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 68.4462 points.

H1 Avg (Jan–Jun) 324.7031

H2 Avg (Jul–Dec) 393.1493

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 106.2986 BIF (High: 402.4202 / Low: 296.1217). On the other end, September was the most stable month, with a tight range of 5.2158 BIF (High: 390.7948 / Low: 385.5790).

May Spread (Volatile) ±106.2986

September Spread (Stable) ±5.2158

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.6112 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.6112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 400.4819) against the same month in 2022 (average: 296.4190), the exchange rate shifted by +104.0630 (+35.11%).

2023 Avg (December) 400.4819

2022 Avg (December) 296.4190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	308.3046	299.1464	304.6457
February	308.4595	296.7137	302.9597
March	304.6504	297.7345	301.2279
April	303.5465	298.2024	301.9339
May	402.4202	296.1217	341.9739
June	399.6424	390.4385	395.4774
July	398.5551	387.2861	393.7256
August	396.7981	388.1685	391.4793
September	390.7948	385.5790	388.8681
October	396.1928	387.1829	390.1789
November	402.2512	385.8716	394.1618
December	404.0009	396.5322	400.4819