2023 HKD to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 366.5899. Conversely, the yearly low was recorded on March 18, dropping to 261.2158.
This high-to-low spread represents a total annual volatility of 105.3741 BIF. From a start-to-finish perspective, comparing the January average rate of 264.5600 to the December average rate of 365.0343, the exchange rate registered a net change of 37.98% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 366.5899 was up 37.26% compared to the 2022 peak of 267.0786, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HKD 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 287.4593, compared to 362.9541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 75.4948 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 95.9694 BIF (High: 360.7591 / Low: 264.7897). On the other end, January was the most stable month, with a tight range of 2.3484 BIF (High: 265.5584 / Low: 263.2100).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3542 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 365.0343) against the same month in 2022 (average: 265.3722), the exchange rate shifted by +99.6621 (+37.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 265.5584 | 263.2100 | 264.5600 |
| February | 266.3385 | 262.9450 | 264.2058 |
| March | 265.6068 | 261.2158 | 264.5253 |
| April | 265.6068 | 262.5788 | 264.8997 |
| May | 360.7591 | 264.7897 | 305.3359 |
| June | 363.1889 | 359.4891 | 361.2292 |
| July | 363.4685 | 358.3756 | 361.9475 |
| August | 363.5956 | 360.5335 | 362.1099 |
| September | 363.6573 | 360.7148 | 362.1801 |
| October | 363.9965 | 360.5206 | 362.7098 |
| November | 365.5651 | 359.9572 | 363.7431 |
| December | 366.5899 | 364.0887 | 365.0343 |