2023 DOP to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DOP to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DOP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 51.8491. Conversely, the yearly low was recorded on February 4, dropping to 36.2338.
This high-to-low spread represents a total annual volatility of 15.6153 BIF. From a start-to-finish perspective, comparing the January average rate of 36.5605 to the December average rate of 49.7266, the exchange rate registered a net change of 36.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 51.8491 was up 33.30% compared to the 2022 peak of 38.8966, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DOP to BIF 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 40.7827, compared to 50.0759 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.2931 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 13.6235 BIF (High: 51.7431 / Low: 38.1196). On the other end, November was the most stable month, with a tight range of 0.2969 BIF (High: 50.1438 / Low: 49.8470).
Growth Streaks & Declines
TrendsBetween January and June, 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 June and July, when the average rate fell by 0.8532 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 51.5597) against the same month in 2022 (average: 37.3286), the exchange rate shifted by +14.2312 (+38.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.8341 | 36.2867 | 36.5605 |
| February | 37.2704 | 36.2338 | 36.9052 |
| March | 38.0474 | 37.2881 | 37.7858 |
| April | 38.2920 | 37.8819 | 38.0140 |
| May | 51.7431 | 38.1196 | 43.8711 |
| June | 51.8491 | 51.2099 | 51.5597 |
| July | 51.3988 | 50.4155 | 50.7066 |
| August | 50.5573 | 49.8131 | 50.0496 |
| September | 50.1561 | 49.8064 | 49.9675 |
| October | 50.2629 | 49.7880 | 49.9711 |
| November | 50.1438 | 49.8470 | 50.0339 |
| December | 50.0966 | 49.1156 | 49.7266 |