2023 FJD to BIF Historical Review

YEARLY HIGH

1304.7663 BIF

YEARLY LOW

924.7521 BIF

YEARLY AVERAGE

1140.4242 BIF

2023 FJD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1304.7663. Conversely, the yearly low was recorded on March 10, dropping to 924.7521.

This high-to-low spread represents a total annual volatility of 380.0142 BIF. From a start-to-finish perspective, comparing the January average rate of 949.9511 to the December average rate of 1286.8835, the exchange rate registered a net change of 35.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1304.7663 was up 32.11% compared to the 2022 peak of 987.6718, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,523,832 BIF

2022 Average 4,667,406 BIF

Yearly Trough Low 4,623,760 BIF

Transaction Impact: A difference of 1,900,071.18 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1321.9629

901.0099

JanuMarcMayJulySeptNove

FJD 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 1019.3968, compared to 1261.4515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 242.0547 points.

H1 Avg (Jan–Jun) 1019.3968

H2 Avg (Jul–Dec) 1261.4515

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 339.8183 BIF (High: 1272.0466 / Low: 932.2283). On the other end, March was the most stable month, with a tight range of 18.4734 BIF (High: 943.2255 / Low: 924.7521).

May Spread (Volatile) ±339.8183

March Spread (Stable) ±18.4734

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 19.5308 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -19.5308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1286.8835) against the same month in 2022 (average: 936.1476), the exchange rate shifted by +350.7359 (+37.47%).

2023 Avg (December) 1286.8835

2022 Avg (December) 936.1476

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	961.6030	931.1648	949.9511
February	961.2852	930.0230	944.9975
March	943.2255	924.7521	936.0893
April	947.6805	926.9673	939.5400
May	1272.0466	932.2283	1074.5755
June	1291.8410	1251.2036	1271.2276
July	1300.9361	1257.8023	1275.8067
August	1277.3632	1234.5141	1256.2760
September	1257.2360	1236.0216	1248.7701
October	1257.0653	1236.4015	1244.1179
November	1278.7077	1234.2417	1256.8548
December	1304.7663	1271.0321	1286.8835