2023 GMD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 GMD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the GMD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 47.8400. Conversely, the yearly low was recorded on January 23, dropping to 33.1391.
This high-to-low spread represents a total annual volatility of 14.7009 BIF. From a start-to-finish perspective, comparing the January average rate of 33.3566 to the December average rate of 42.3259, the exchange rate registered a net change of 26.89% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 47.8400 was up 24.29% compared to the 2022 peak of 38.4913, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
GMD 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 37.0573, compared to 44.6952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.6378 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 12.7673 BIF (High: 47.4045 / Low: 34.6373). On the other end, December was the most stable month, with a tight range of 0.4881 BIF (High: 42.7008 / Low: 42.2127).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.6549 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 47.5662) against the same month in 2022 (average: 37.8993), the exchange rate shifted by +9.6669 (+25.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 33.9155 | 33.1391 | 33.3566 |
| February | 34.1758 | 33.6673 | 33.9319 |
| March | 34.0544 | 33.3424 | 33.8230 |
| April | 34.7790 | 33.2744 | 33.6243 |
| May | 47.4045 | 34.6373 | 40.0421 |
| June | 47.8400 | 47.3083 | 47.5662 |
| July | 47.7246 | 47.1657 | 47.4404 |
| August | 47.0597 | 46.5168 | 46.7796 |
| September | 46.9587 | 43.6384 | 45.9131 |
| October | 44.1496 | 42.9559 | 43.2581 |
| November | 43.6352 | 42.0570 | 42.4538 |
| December | 42.7008 | 42.2127 | 42.3259 |