2023 CVE to BIF Historical Review

YEARLY HIGH

28.8890 BIF

YEARLY LOW

19.7341 BIF

YEARLY AVERAGE

24.9416 BIF

2023 CVE to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 28.8890. Conversely, the yearly low was recorded on January 5, dropping to 19.7341.

This high-to-low spread represents a total annual volatility of 9.1548 BIF. From a start-to-finish perspective, comparing the January average rate of 20.1895 to the December average rate of 28.1809, the exchange rate registered a net change of 39.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.8890 was up 38.96% compared to the 2022 peak of 20.7899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 144,445 BIF

2022 Average 97,312 BIF

Yearly Trough Low 98,671 BIF

Transaction Impact: A difference of 45,774.20 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.1697

19.2934

JanuMarcMayJulySeptNove

CVE 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 22.0561, compared to 27.8271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7710 points.

H1 Avg (Jan–Jun) 22.0561

H2 Avg (Jul–Dec) 27.8271

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 7.1651 BIF (High: 27.5966 / Low: 20.4315). On the other end, April was the most stable month, with a tight range of 0.3953 BIF (High: 20.8788 / Low: 20.4835).

May Spread (Volatile) ±7.1651

April Spread (Stable) ±0.3953

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 0.5693 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5693

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 28.3467) against the same month in 2022 (average: 19.1193), the exchange rate shifted by +9.2274 (+48.26%).

2023 Avg (July) 28.3467

2022 Avg (July) 19.1193

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.4251	19.7341	20.1895
February	20.5283	19.7969	20.1164
March	20.5277	19.8669	20.1458
April	20.8788	20.4835	20.6496
May	27.5966	20.4315	23.5044
June	28.1643	26.9957	27.7309
July	28.8890	27.8235	28.3467
August	28.3410	27.7330	28.0306
September	27.8428	27.1118	27.4613
October	27.3716	26.9331	27.1663
November	28.2770	26.8400	27.7768
December	28.6421	27.5616	28.1809